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Informality and Productivity: The Role of Unemployment Insurance Schemes
dc.contributor.author | Cirelli, Fernando | |
dc.contributor.author | Espino, Emilio | |
dc.contributor.author | Sanchez, Juan M. | |
dc.date.accessioned | 2017-10-19T14:56:07Z | |
dc.date.available | 2017-10-19T14:56:07Z | |
dc.date.issued | 2017-02-22 | |
dc.identifier.citation | Cirelli, F., Espino, E., & Sanchez, J. M. (2017, February 22). Informality and Productivity: The Role of Unemployment Insurance Schemes. CAF – Working paper;N° 2017/16, Buenos Aires: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/1103 | en_GB |
dc.identifier.uri | https://scioteca.caf.com/handle/123456789/1103 | |
dc.description.tableofcontents | We study the design of optimal unemployment protection schemes to evaluate its impact on labor markets, welfare and productivity. We consider a life-cycle economies with formal and informal labor markets, unobservable effort to find and keep formal jobs, and unobservable heterogeneities across worker to find better formal jobs. We analyze the first best allocation to compare with the allocations stemming from the implementation of two alternative schemes: (i) a simple unemployment insurance system with a defined profile of unemployment benefits; (ii) an unemployment insurance saving account scheme parameterized by a replacement rate, an initial contribution to the saving account, a minimum level of savings at which the payment is suspended, and a maximum level of savings at which the contributions are suspended. Our quantitative analysis makes clear that both schemes can have a significant impact on welfare and productivity. Two additional lessons can be learned. First, no scheme is necessarily better in both economies. Second, a reform that implements an scheme that it is welfare improving does not necessarily boost productivity and viceversa. | es_ES |
dc.language.iso | en_US | es_ES |
dc.publisher | CAF | es_ES |
dc.relation.ispartofseries | CAF – Working paper;N° 2017/16 | |
dc.rights | CC-BY-NC | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by-nc/4.0/ | es_ES |
dc.subject | Economía | es_ES |
dc.subject | Investigación socioeconómica | es_ES |
dc.subject | Trabajo y protección social | es_ES |
dc.subject | Desempleo | |
dc.title | Informality and Productivity: The Role of Unemployment Insurance Schemes | es_ES |
dc.type | workingPaper | es_ES |
dc.publisher.city | Buenos Aires | es_ES |
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