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The Impact of the Unemployment Benefit System

By Oliver Büsse B

Abstract

Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The paper provides new insights on how changes in world real income affect labor demand and the wage bargaining process. The analysis of the interaction of shock spillovers and benefit system focuses on two-tier as well as pure earnings-related and flat-rate benefit systems

Topics: Benefit System, Unemployment, Real Wages, Open Economy, Wage Bargaining ∗We thank Josef Falkinger, Joachim Möller and Winfried Vogt for helpful comments on previous versions of the paper
Year: 2002
OAI identifier: oai:CiteSeerX.psu:10.1.1.197.8394
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