Dr Johannes Spinnewijn: all content

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    Journal graphic

    Reference-dependent job search: evidence from Hungary

    Journal article

    Unemployment insurance programs in most Western countries follow a common design. The benefits are set at a constant replacement rate for a fixed period, typically followed by lower benefits under unemployment assistance. In such systems, the hazard rate from unemployment typically declines from an initial peak the longer workers are unemployed, surges at unemployment exhaustion, and declines thereafter.

    7 November 2017

    Working paper graphic

    Risk-based selection and unemployment insurance: evidence and implications

    Working Paper

    This paper studies whether adverse selection can rationalize a universal mandate for unemployment insurance (UI). Building on a unique feature of the unemployment policy in Sweden, where workers can opt for supplemental UI coverage above a minimum mandate, we provide the first direct evidence for adverse selection in UI and derive its implications for UI design.

    10 October 2017