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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Bibliographic details
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
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