English, Article, Journal or magazine article edition: THE INTERACTION BETWEEN UNEMPLOYMENT INSURANCE AND HUMAN CAPITAL POLICIES Carlos E. da Costa; Lucas Maestri

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Bookmark: http://trove.nla.gov.au/version/123516
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • THE INTERACTION BETWEEN UNEMPLOYMENT INSURANCE AND HUMAN CAPITAL POLICIES
Author
  • Carlos E. da Costa
  • Lucas Maestri
Physical Description
  • preprint
Notes
  • In the presence of an optimally designed unemployment bene.t system we show that it is optimal for the government to encourage human capital acquisition. The driving force of this result is the complementarity between human capital and labor-market- oriented behavior. If policy includes inter-temporal transfers, the optimal level of investment in human capital is given at the point where, at the margin, expected return to human capital is identical to the risk free rate even though there is no full insurance at the optimum.
  • RePEc:anp:en2005:089
Language
  • English
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