Optimal unemployment insurance in a life cycle model
We extend Hopenhayn and Nicolini's [1997] optimal unemployment contracts by including life-cycle features. We show that it is optimal to implement an age-dependant contract. Indeed, the elderly have only a few years left on the labor market prior to retirement. The short horizon of old workers...
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| Main Author: |
Sopraseuth, Thepthida
Langot, Francois Hairault, Jean-Olivier Menard, Sebastien |
|---|---|
| Format: | Paper |
| Language: | English |
| Place of publication: |
2007 |
| Related: |
Society for Economic Dynamics |
| Data of publication: | 2007 |
| Series: |
2007 Meeting Papers |
| Online Access: | available in Bonn? |
| Database: | RePEc IDEAS RePEc Database information Databases - DBIS |