Unemployment Insurance, Disability Insurance, and Workers' Compensation
9 important questions on Unemployment Insurance, Disability Insurance, and Workers' Compensation
Appropriate time pattern of unemployment insurance balances three factors. Which ones?
Consumption smoothing: increases with length
Benefit targeting: increases with length
This graph shows Meyer's study (1989) how an increase in benefits affected unemployment durations. How did it?
Do longer durations represent an undesirable outcome? Give two different arguments, one using 'job match quality''. What do empirics say?
No: if UI is helping people find higher quality job matches
job match quality: the marginal product associated with the match of a particular worker with a particular job
empirics: wages do not increase with UI generosity, suggesting UI does not improve match quality
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
Krueger (1990) studied a benefit increase in MN:
- the response of injury durations to benefits increases is much stronger for hart-to-verify injuries than for easier-to-verify injuries
- 'Monday sprain and strains'
What are general findings on DI, WC and UI?
Benefits should be highest for DI, lowest for WC, with UI in the middle
> but WC is most generous
2. targeting
Target UI benefits toward those who have been permanently laid off
& pay higher benefits to those with less ambiguous disabilities
How would moral hazard be minimized in UI?
A UI payroll tax of 4% invested in such accounts could cover the costs of unemployment spells for virtually all workers.
What is another possibility to reform UI?
1. self-insurance for unemployment. Savings, with government loans. Loan forgiveness for low-wage/long-term unemployed
2. wage insurance. If you take a lower-paying job, you get a transfer equal to 25% of the wage cut
3. Net result: lower moral hazard, redistribution to both low-wage workers and to workers suffering a large wage loss.
The duration of an insurance should balance three factors. Which ones?
Targeting (the longer the better)
Moral hazard (the shorter the better)
Why is there no perfect consumption smoothing in UI?
2) spouses are less likely to work
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
