OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
Please sign up for meetings at the link below:
docs.google.com/spreadsheets/d/1jFiVdlk-wKT7ONTIY0tLjZpSoRXTvqPwc-V5sDAkHAA/edit?usp=sharing
Abstract
While a large literature has analysed labor supply responses to social insurance program, the corresponding insurance value of these programs is not well known. The challenge has been to assess the insurance value of mandated programs when no choice is allowed for. This paper analyses the value of unemployment insurance exploiting rich administrative data in Sweden on income, wealth, unemployment, and choices to buy supplemental UI coverage. We exploit this unique opportunity to revisit the consumption-based implementation, linking the value of insurance to the drop in consumption when unemployed, and compare this to Revealed Preference approach based on the UI choices. We also propose a novel implementation based on state-dependent marginal propensities to consume. Both methods provide estimates for the value of insurance that are substantially higher than the consumption-based implementation.
