Scandinavian Working Papers in Economics
Memorandum,
Oslo University, Department of Economics
No 09/2002: Unemployment Duration, Incentives and Institutions - A Micro-Econometric Analysis Based on Scandinavian Data
Knut Røed (), Peter Jensen () and Anna Thoursie ()
Additional contact information
Knut Røed: The Ragnar Frisch Centre for Economic Research, Postal: Gaustadalléen 21, N-0349 Oslo, Norway, http://www.frisch.uio.no/frisch_eng.html,
Peter Jensen: Department of Economics, The Aarhus School of Business, Denmark, Postal: NAT , Aarhus School of Business , Prismet, Silkeborgvej 2 DK 8000 Aarhus C, http://www.asb.dk/eok/nat/nat_form.htm
Anna Thoursie: Swedish Institute for Social Research, Swedish Trade Union Confederation, Postal: Barnhusgatan 18 , 105 53 Stockholm,
Abstract: Based on a combined register database for Norwegian and Swedish unemployment spells, we use the ‘between-countries-variation’ in the unemployment insurance systems to identify causal effects. The elasticity of the job hazard rate with respect to the benefit replacement ratio is around -1.0 in Norway and -0.5 in Sweden. The limited benefit duration period in Sweden has a large positive impact on the hazard rate, despite generous renewal options through participation in labour market programs. Compulsory program participation seems to operate as a ‘stick’, rather than a ‘carrot’, and is therefore an efficienttool for counteracting moral hazard problems in the benefit system.
Keywords: Unemployment spells; unemployment compensation; non-parametric duration analysis
29 pages, June 16, 2003
Full text files
Memo-09-2002.pdf
Questions (including download problems) about the papers in this series should be directed to Mari Strønstad Øverås ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2024-04-17 00:05:47.