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Informality and Productivity: The Role of Unemployment Insurance Schemes

dc.contributor.authorCirelli, Fernando
dc.contributor.authorEspino, Emilio
dc.contributor.authorSanchez, Juan M.
dc.date.accessioned2017-10-19T14:56:07Z
dc.date.available2017-10-19T14:56:07Z
dc.date.issued2017-02-22
dc.identifier.citationCirelli, 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/123456789/1103en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/1103
dc.description.tableofcontentsWe 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.isoen_USes_ES
dc.publisherCAFes_ES
dc.relation.ispartofseriesCAF – Working paper;N° 2017/16
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectEconomíaes_ES
dc.subjectInvestigación socioeconómicaes_ES
dc.subjectTrabajo y protección sociales_ES
dc.subjectDesempleo
dc.titleInformality and Productivity: The Role of Unemployment Insurance Schemeses_ES
dc.typeworkingPaperes_ES
dc.publisher.cityBuenos Aireses_ES


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