Liquidity and insurance for the unemployed

Article, Preprint OPEN
Robert Shimer; Ivan Werning;
(2005)
  • Journal: American Economic Review,volume 98,issue 5 December,pages1,922-42
  • Related identifiers: doi: 10.1257/aer.98.5.1922
  • Subject: Insurance
    • jel: jel:J64 | jel:J65 | jel:D82 | jel:D81

We study the optimal design of unemployment insurance for workers sampling job opportunities over time. We focus on the optimal timing of benefits and the desirability of allowing workers to freely access a riskless asset. When workers have constant absolute risk aversi... View more
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