Matches in SemOpenAlex for { <https://semopenalex.org/work/W2914330110> ?p ?o ?g. }
Showing items 1 to 47 of
47
with 100 items per page.
- W2914330110 abstract "This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and unobservable effort choice affecting the distribution of human capital shocks (moral hazard). We show that constrained optimal allocations are simple in the sense that they can be found by solving a static social planner problem. We further show that constrained optimal allocations are the equilibrium allocations of a market economy in which the government uses taxes and transfers that are linear in household wealth/income. We use the tractability result to show that an increase in labor market (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we provide a quantitative analysis of the secular rise in job displacement risk in the US and find that the welfare cost of not adjusting the social insurance system optimally can be substantial." @default.
- W2914330110 created "2019-02-21" @default.
- W2914330110 creator A5045552421 @default.
- W2914330110 creator A5057157099 @default.
- W2914330110 date "2019-01-01" @default.
- W2914330110 modified "2023-09-23" @default.
- W2914330110 title "Optimal Social Insurance and Rising Labor Market Risk" @default.
- W2914330110 doi "https://doi.org/10.2139/ssrn.3390115" @default.
- W2914330110 hasPublicationYear "2019" @default.
- W2914330110 type Work @default.
- W2914330110 sameAs 2914330110 @default.
- W2914330110 citedByCount "0" @default.
- W2914330110 crossrefType "journal-article" @default.
- W2914330110 hasAuthorship W2914330110A5045552421 @default.
- W2914330110 hasAuthorship W2914330110A5057157099 @default.
- W2914330110 hasBestOaLocation W29143301102 @default.
- W2914330110 hasConcept C144133560 @default.
- W2914330110 hasConcept C162118730 @default.
- W2914330110 hasConcept C162324750 @default.
- W2914330110 hasConcept C2779282124 @default.
- W2914330110 hasConcept C34447519 @default.
- W2914330110 hasConceptScore W2914330110C144133560 @default.
- W2914330110 hasConceptScore W2914330110C162118730 @default.
- W2914330110 hasConceptScore W2914330110C162324750 @default.
- W2914330110 hasConceptScore W2914330110C2779282124 @default.
- W2914330110 hasConceptScore W2914330110C34447519 @default.
- W2914330110 hasLocation W29143301101 @default.
- W2914330110 hasLocation W29143301102 @default.
- W2914330110 hasLocation W29143301103 @default.
- W2914330110 hasLocation W29143301104 @default.
- W2914330110 hasLocation W29143301105 @default.
- W2914330110 hasOpenAccess W2914330110 @default.
- W2914330110 hasPrimaryLocation W29143301101 @default.
- W2914330110 hasRelatedWork W2028559498 @default.
- W2914330110 hasRelatedWork W2101860324 @default.
- W2914330110 hasRelatedWork W2405441039 @default.
- W2914330110 hasRelatedWork W2582704060 @default.
- W2914330110 hasRelatedWork W2608756510 @default.
- W2914330110 hasRelatedWork W3122876956 @default.
- W2914330110 hasRelatedWork W3136636207 @default.
- W2914330110 hasRelatedWork W3143969427 @default.
- W2914330110 hasRelatedWork W4248355014 @default.
- W2914330110 hasRelatedWork W3117855415 @default.
- W2914330110 isParatext "false" @default.
- W2914330110 isRetracted "false" @default.
- W2914330110 magId "2914330110" @default.
- W2914330110 workType "article" @default.