?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F22046%2F&rft.title=Time-consistent+unemployment+insurance&rft.creator=Kankanamge%2C+Sumudu&rft.creator=Weitzenblum%2C+Thomas&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=This+paper+examines+the+optimal+time-consistent+unemployment+insurance+policy+in+a+search+economy+with+incomplete+markets.+In+a+context+of+repeated+choice+without+a+commitment+device%2C+we+show+that+the+optimal+replacement+rate+depends+on+how+frequently+in+time+the+policy+can+be+revised.+The+exact+relation+is+dependent+on+the+political+process%3A+if+the+utilitarian+welfare+criterion+is+used%2C+the+optimal+rate+is+higher+the+shorter+the+choice+periodicity.+Self-insurance+reduces+the+need+for+the+public+scheme+but+mostly+because+the+policy+cannot+be+changed+often+enough.+The+comparison+with+an+economy+where+a+commitment+device+is+assumed+shows+that+the+commitment+rate+is+close+to+time-consistent+rates+with+very+long+choice+periodicities.&rft.publisher=TSE+Working+Paper&rft.date=2016-05&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=fr&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F22046%2F1%2FKankanamge_22046.pdf&rft.identifier=++Kankanamge%2C+Sumudu+%3Chttps%3A%2F%2Fwww.idref.fr%2F090391934%3E+and+Weitzenblum%2C+Thomas+%3Chttps%3A%2F%2Fwww.idref.fr%2F060923865%3E++(2016)+Time-consistent+unemployment+insurance.++TSE+Working+Paper%2C+n.+16-657+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F30491&rft.language=en