On the design of a European unemployment insurance system
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , , |
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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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 |
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application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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