Working Papers present research work by both Danmarks Nationalbank’s employees and our partners. Working Papers are primarily targeted at professionals and people with an interest in central banking research as well as economics and finance in a broader sense.

Working paper: Benefit reentitlement conditions in unemployment insurance schemes

​Unemployment insurance schemes often include conditions on past employment history as part of the eligibility conditions. In a theoretical model the authors show that benefit duration and employment requirements are substitute instruments...

Simulations show that under a utilitarian social welfare function a higher insurance motive captured by more risk aversion implies higher benefit generosity and more lax employment requirements but also shortened benefit duration.