On the design of a European unemployment insurance system

Detalhes bibliográficos
Autor(a) principal: Ábrahám, Árpád
Data de Publicação: 2023
Outros Autores: Sousa, João Brogueira de, Marimon, Ramon, Mayr, Lukas
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/159212
Resumo: Funding Information: We would like to thank for their comments: Two anonymous referees, the editor, Juan Dolado, Mike Elsby, Juan F. Jimeno, Etienne Lalé, Rody Manuelli, Richard Rogerson and Pedro Teles, and the participants in conferences and workshops where versions of this paper have been presented. Most of the research leading to this paper has been conducted within the Horizon 2020 ADEMU project, “A Dynamic Economic and Monetary Union”, funded by the European Union's Horizon 2020 Program under grant agreement No 649396. BSE is supported by the Severo Ochoa Programme for Centres of Excellence in R&D (CEX2019-000915-S). João Brogueira de Sousa gratefully acknowledges funding from Fundação para a Ciência e a Tecnologia, Portugal (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). Funding Information: We would like to thank for their comments: Two anonymous referees, the editor, Juan Dolado, Mike Elsby, Juan F. Jimeno, Etienne Lalé, Rody Manuelli, Richard Rogerson and Pedro Teles, and the participants in conferences and workshops where versions of this paper have been presented. Most of the research leading to this paper has been conducted within the Horizon 2020 ADEMU project, “A Dynamic Economic and Monetary Union”, funded by the European Union’s Horizon 2020 Program under grant agreement No 649396 . BSE is supported by the Severo Ochoa Programme for Centres of Excellence in R&D ( CEX2019-000915-S ). João Brogueira de Sousa gratefully acknowledges funding from Fundação para a Ciência e a Tecnologia, Portugal ( UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016 ), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Publisher Copyright: © 2023 The Author(s)
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spelling On the design of a European unemployment insurance systemJob creationJob destructionLabour marketsRisk-sharingUnemployment insuranceFinanceEconomics and EconometricsSDG 8 - Decent Work and Economic GrowthFunding Information: We would like to thank for their comments: Two anonymous referees, the editor, Juan Dolado, Mike Elsby, Juan F. Jimeno, Etienne Lalé, Rody Manuelli, Richard Rogerson and Pedro Teles, and the participants in conferences and workshops where versions of this paper have been presented. Most of the research leading to this paper has been conducted within the Horizon 2020 ADEMU project, “A Dynamic Economic and Monetary Union”, funded by the European Union's Horizon 2020 Program under grant agreement No 649396. BSE is supported by the Severo Ochoa Programme for Centres of Excellence in R&D (CEX2019-000915-S). João Brogueira de Sousa gratefully acknowledges funding from Fundação para a Ciência e a Tecnologia, Portugal (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). Funding Information: We would like to thank for their comments: Two anonymous referees, the editor, Juan Dolado, Mike Elsby, Juan F. Jimeno, Etienne Lalé, Rody Manuelli, Richard Rogerson and Pedro Teles, and the participants in conferences and workshops where versions of this paper have been presented. Most of the research leading to this paper has been conducted within the Horizon 2020 ADEMU project, “A Dynamic Economic and Monetary Union”, funded by the European Union’s Horizon 2020 Program under grant agreement No 649396 . BSE is supported by the Severo Ochoa Programme for Centres of Excellence in R&D ( CEX2019-000915-S ). João Brogueira de Sousa gratefully acknowledges funding from Fundação para a Ciência e a Tecnologia, Portugal ( UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016 ), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Publisher Copyright: © 2023 The Author(s)We study the welfare effects of both existing and counter-factual European unemployment insurance (UI) policies using a rich multi-country dynamic general equilibrium model with labour market frictions. The model successfully replicates several salient features of European labour markets, in particular the cross-country differences in the flows between employment, unemployment and inactivity, as a result of labour market and UI policy differences across euro area countries. We find that mechanisms like the recently introduced instrument for temporary support to mitigate unemployment risks in an emergency (SURE), which allows national governments to borrow at low interest rates to cover expenditures on unemployment risk, yield sizeable welfare gains. Furthermore, we find that, in spite of the calibrated heterogeneity across euro area countries, there is a common direction in which they can improve their UI policies; in particular, a harmonized benefit system that features a one-time payment of around three quarters of income upon separation is welfare improving in all euro area countries relative to the status quo.NOVA School of Business and Economics (NOVA SBE)RUNÁbrahám, ÁrpádSousa, João Brogueira deMarimon, RamonMayr, Lukas2023-10-23T22:18:36Z2023-072023-07-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/159212eng0014-2921PURE: 64221113https://doi.org/10.1016/j.euroecorev.2023.104469info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:41:38Zoai:run.unl.pt:10362/159212Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:57:26.638650Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv On the design of a European unemployment insurance system
title On the design of a European unemployment insurance system
spellingShingle On the design of a European unemployment insurance system
Ábrahám, Árpád
Job creation
Job destruction
Labour markets
Risk-sharing
Unemployment insurance
Finance
Economics and Econometrics
SDG 8 - Decent Work and Economic Growth
title_short On the design of a European unemployment insurance system
title_full On the design of a European unemployment insurance system
title_fullStr On the design of a European unemployment insurance system
title_full_unstemmed On the design of a European unemployment insurance system
title_sort On the design of a European unemployment insurance system
author Ábrahám, Árpád
author_facet Ábrahám, Árpád
Sousa, João Brogueira de
Marimon, Ramon
Mayr, Lukas
author_role author
author2 Sousa, João Brogueira de
Marimon, Ramon
Mayr, Lukas
author2_role author
author
author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Ábrahám, Árpád
Sousa, João Brogueira de
Marimon, Ramon
Mayr, Lukas
dc.subject.por.fl_str_mv Job creation
Job destruction
Labour markets
Risk-sharing
Unemployment insurance
Finance
Economics and Econometrics
SDG 8 - Decent Work and Economic Growth
topic Job creation
Job destruction
Labour markets
Risk-sharing
Unemployment insurance
Finance
Economics and Econometrics
SDG 8 - Decent Work and Economic Growth
description Funding Information: We would like to thank for their comments: Two anonymous referees, the editor, Juan Dolado, Mike Elsby, Juan F. Jimeno, Etienne Lalé, Rody Manuelli, Richard Rogerson and Pedro Teles, and the participants in conferences and workshops where versions of this paper have been presented. Most of the research leading to this paper has been conducted within the Horizon 2020 ADEMU project, “A Dynamic Economic and Monetary Union”, funded by the European Union's Horizon 2020 Program under grant agreement No 649396. BSE is supported by the Severo Ochoa Programme for Centres of Excellence in R&D (CEX2019-000915-S). João Brogueira de Sousa gratefully acknowledges funding from Fundação para a Ciência e a Tecnologia, Portugal (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). Funding Information: We would like to thank for their comments: Two anonymous referees, the editor, Juan Dolado, Mike Elsby, Juan F. Jimeno, Etienne Lalé, Rody Manuelli, Richard Rogerson and Pedro Teles, and the participants in conferences and workshops where versions of this paper have been presented. Most of the research leading to this paper has been conducted within the Horizon 2020 ADEMU project, “A Dynamic Economic and Monetary Union”, funded by the European Union’s Horizon 2020 Program under grant agreement No 649396 . BSE is supported by the Severo Ochoa Programme for Centres of Excellence in R&D ( CEX2019-000915-S ). João Brogueira de Sousa gratefully acknowledges funding from Fundação para a Ciência e a Tecnologia, Portugal ( UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016 ), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Publisher Copyright: © 2023 The Author(s)
publishDate 2023
dc.date.none.fl_str_mv 2023-10-23T22:18:36Z
2023-07
2023-07-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/159212
url http://hdl.handle.net/10362/159212
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0014-2921
PURE: 64221113
https://doi.org/10.1016/j.euroecorev.2023.104469
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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