A general formula for the optimal level of social insurance

Journal of Public Economics

Volumn 90, Issue 10-11, 2006, Pages 1879-1901

  Chetty, Raj ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Consumption smoothing; Unemployment insurance

Indexed keywords

EID: 33748047797     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpubeco.2006.01.004     Document Type: Article

References (32)

1. Acemoglu D., and Shimer R. Efficient unemployment insurance. Journal of Political Economy 107 (1999) 893-928
2. Anderson P., and Meyer B. Unemployment insurance takeup rates and the after-tax value of benefits. Quarterly Journal of Economics 112 (1997) 913-937
3. Auerbach A. Excess burden and optimal taxation. In: Auerbach A., and Feldstein M. (Eds). Handbook of Public Economics vol. 1 (1985), North Holland, Amsterdam
4. Baily M. Some aspects of optimal unemployment insurance. Journal of Public Economics 10 (1978) 379-402
5. Brown E., and Kaufold H. Human capital accumulation and the optimal level of insurance provision. Journal of Labor Economics 6 (1988) 493-514
6. Browning M., and Crossley T. Unemployment insurance levels and consumption changes. Journal of Public Economics 80 (2001) 1-23
7. Browning, M., Crossley, T., 2003. Shocks, Stocks, and Socks: Smoothing Consumption over a Temporary Income Loss. Canadian International Labour Network Working Paper 27.
8. Centeno M. The match quality gains from unemployment insurance. Journal of Human Resources 39 3 (2004) 839-863
9. Chetty, R., 2005. Why do Unemployment Benefits Lengthen Unemployment Durations? The Role of Borrowing Constraints and Income Effects. NBER Working Paper 11760.
10. Chetty, R., in press. A bound on risk aversion using labor supply elasticities. American Economic Review.
11. Chetty, R., Szeidl, A., 2006. Consumption commitments and risk preferences. UC Berkeley mimeo.
12. Crossley T., and Low H. Borrowing constraints, the cost of precautionary saving, and unemployment insurance. Social and Economic Dimensions of an Aging Population Research Papers vol. 125 (2005), McMaster University
13. Cullen J., and Gruber J. Does unemployment insurance crowd out spousal labor supply?. Journal of Labor Economics 18 (2000) 546-572
14. Davidson C., and Woodbury S. Optimal unemployment insurance. Journal of Public Economics 64 (1997) 359-387
15. Ehrenberg R., and Oaxaca R. Unemployment insurance, duration of unemployment, and subsequent wage gain. American Economic Review 66 5 (1976) 754-766
16. Engen E., and Gruber J. Unemployment insurance and precautionary savings. Journal of Monetary Economics 47 (2001) 545-579
17. Feldstein M. Rethinking social insurance. American Economic Review 95 (2005) 1-24
18. Feldstein M., and Poterba J. Unemployment insurance and reservation wages. Journal of Public Economics 23 (1984) 141-167
19. Flemming J. Aspects of optimal unemployment insurance. Journal of Public Economics 10 (1978) 403-425
20. Golosov, M., Tsyvinski, A., 2005. Optimal taxation with endogenous insurance markets. MIT mimeo.
21. Green H. The social optimum in the presence of monopoly and taxation. Review of Economic Studies 29 (1961) 66-78
22. Gruber J. The consumption smoothing benefits of unemployment insurance. American Economic Review 87 (1997) 192-205
23. Gruber J. Unemployment insurance, consumption smoothing, and private insurance: evidence from the PSID and CEX. Research in Employment Policy 1 (1998) 3-31
24. Hopenhayn H., and Nicolini J. Optimal unemployment insurance. Journal of Political Economy 105 2 (1997) 412-438
25. Lentz, R., 2004. Optimal unemployment insurance in an estimated job search model with savings. Boston University mimeo.
26. Mas-Colell A., Whinston M., and Green J. Microeconomic Theory (1995), Oxford University Press, Oxford
27. Meyer B. Unemployment insurance and unemployment spells. Econometrica 58 4 (1990) 757-782
28. Mincer J. Labor force participation of married women. Aspects of Labor Economics (1962), National Bureau of Economic Research
29. Moffitt R. Unemployment insurance and the distribution of unemployment spells. Journal of. Econometrics 28 1 (1985) 85-101
30. Ramsey F. A contribution to the theory of taxation. Economic Journal 37 (1927) 47-61
31. Sandmo A. Optimal taxation: an introduction to the literature. Journal of Public Economics 6 (1976) 37-54
32. Shimer, R., Werning, I., 2005. Liquidity and Insurance for the Unemployed. NBER Working Paper No. 11689.