EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/34918
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorVodopivec, Milanen_US
dc.date.accessioned2008-09-16en_US
dc.date.accessioned2010-07-07T11:30:40Z-
dc.date.available2010-07-07T11:30:40Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008041429en_US
dc.identifier.urihttp://hdl.handle.net/10419/34918-
dc.description.abstractBy simulating the working of the unemployment insurance savings accounts (UISAs) in Slovenia using a methodology similar to Feldstein and Altman (1998), the paper examines two questions: how viable is this system as an alternative to traditional unemployment insurance (UI) system, and how the redistribution of income changes if the UI system is replaced by UISAs. The simulations are performed on a representative sample of labor force participants, for which lifetime labor market histories are generated from administrative panel data. Simulations show that the UISA system is a viable alternative to a modest UI system, but that its viability is jeopardized under generous benefits. Under the modest regime (here identified with a post-1998 period, the period after the UI reform which strongly reduced the maximum potential duration of benefit, for most workers even by half) our calculations show that only one quarter of workers end their working life with negative cumulative balance and 43 percent ever experience a negative UISA balance; in contrast, under the generous regime (here identified with the pre-1998-reform period), 49 percent of workers end their working life with negative cumulative balance and 66 percent ever experience a negative balance. Moreover, under the modest benefit regime workers are better able to recover positive UISA balance. The simulations also show that the level of redistribution under the UISAs lags substantially behind the UI system, even though the version of the UISAs studied permits borrowing and hence allows for redistribution.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3438en_US
dc.subject.jelJ65en_US
dc.subject.ddc330en_US
dc.subject.keywordUnemployment insuranceen_US
dc.subject.keywordunemployment insurance savings accountsen_US
dc.subject.stwArbeitslosenversicherungen_US
dc.subject.stwPrivatversicherungen_US
dc.subject.stwSparenen_US
dc.subject.stwErwerbsverlaufen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwVerteilungswirkungen_US
dc.subject.stwSlowenienen_US
dc.titleHow viable are unemployment insurance savings accounts: simulation results for Sloveniaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn564785148en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

Files in This Item:
File Description SizeFormat
564785148.pdf595.71 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.