How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia

Applying a methodology similar to Feldstein and Altman (1998) to Slovenia's unemployment insurance (UI) system, the paper shows that unemployment insurance savings accounts (UISAs) are a viable alternative to a modest, but not generous, UI system. Under the modest regime, only one quarter of wo...

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Main Author:	Vodopivec, Milan
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Personal Finance D140 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Unemployment Insurance Severance Pay Plant Closings J650
Online Access:	http://hdl.handle.net/10986/4998

id	okr-10986-4998
recordtype	oai_dc
spelling	okr-10986-49982021-04-23T14:02:20Z How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia Vodopivec, Milan Personal Finance D140 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Unemployment Insurance Severance Pay Plant Closings J650 Applying a methodology similar to Feldstein and Altman (1998) to Slovenia's unemployment insurance (UI) system, the paper shows that unemployment insurance savings accounts (UISAs) are a viable alternative to a modest, but not generous, UI system. Under the modest regime, only one quarter of workers end their working life with a negative cumulative balance and 43% ever experience a negative UISA balance; in contrast, under the generous regime, 49% of workers end their working life with a negative cumulative balance and 66% ever experience a negative balance. The simulations also show that the level of redistribution under UISAs lags behind the redistribution implied by the UI system. 2012-03-30T07:30:46Z 2012-03-30T07:30:46Z 2010 Journal Article Comparative Economic Studies 08887233 http://hdl.handle.net/10986/4998 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Slovenia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Personal Finance D140 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Unemployment Insurance Severance Pay Plant Closings J650
spellingShingle	Personal Finance D140 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Unemployment Insurance Severance Pay Plant Closings J650 Vodopivec, Milan How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia
geographic_facet	Slovenia
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Applying a methodology similar to Feldstein and Altman (1998) to Slovenia's unemployment insurance (UI) system, the paper shows that unemployment insurance savings accounts (UISAs) are a viable alternative to a modest, but not generous, UI system. Under the modest regime, only one quarter of workers end their working life with a negative cumulative balance and 43% ever experience a negative UISA balance; in contrast, under the generous regime, 49% of workers end their working life with a negative cumulative balance and 66% ever experience a negative balance. The simulations also show that the level of redistribution under UISAs lags behind the redistribution implied by the UI system.
format	Journal Article
author	Vodopivec, Milan
author_facet	Vodopivec, Milan
author_sort	Vodopivec, Milan
title	How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia
title_short	How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia
title_full	How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia
title_fullStr	How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia
title_full_unstemmed	How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia
title_sort	how viable are unemployment insurance savings accounts? simulation results for slovenia
publishDate	2012
url	http://hdl.handle.net/10986/4998
_version_	1764393543058587648

How Viable Are Unemployment Insurance Savings Accounts? Simulation Results for Slovenia

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