Arbeitspapier
From unemployment benefits to unemployment accounts
We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the balances in these accounts would then be available to them during periods of unemployment. The government would be able to undertake balanced-budget redistributions among the UAs, taxing the contributions of the rich and subsidizing those of the poor. When people retire, they could use their remaining UA balances to top up their pensions. Under the unemployment benefit system, people are in effect rewarded for being unemployed (through the unemployment benefits) and penalized for being employed (through the taxes that finance the unemployment benefits). The UA system alleviates these externality problems. For when an unemployed person makes withdrawals from his UA, he is thereby diminishing the amount of funds that are available to him later on.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 532
- Classification
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Wirtschaft
Unemployment Insurance; Severance Pay; Plant Closings
Labor Demand
Mobility, Unemployment, and Vacancies: Public Policy
Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
Wages, Compensation, and Labor Costs: Public Policy
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
-
unemployment accounts
redistribution
employment
unemployment
pensions
unemployment benefits
Arbeitslosenversicherung
Reform
Vermögensbildung
Arbeitsangebot
Ökonomischer Anreiz
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Orszag, Jonathan Michael
Snower, Dennis J.
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Orszag, Jonathan Michael
- Snower, Dennis J.
- Institute for the Study of Labor (IZA)
Time of origin
- 2002
Other Objects (12)
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Unemployment persistence and the unemployment-productivity relation
Unemployment invariance
Unemployment invariance
Reducing unemployment through fundamental labour market reform
Unemployment through learning from experience
Unemployment vouchers versus low-wage subsidies
Characteristics of unemployment dynamics: The chain reaction approach
From unemployment benefits to unemployment support
Converting unemployment benefits into employment subsidies
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
Unemployment persistence and the unemployment-productivity relation
Unemployment invariance
Unemployment invariance
Reducing unemployment through fundamental labour market reform
Unemployment through learning from experience
Unemployment vouchers versus low-wage subsidies