TY - JOUR A1 - Brown, Alessio A1 - Orszag, J. Michael A1 - Snower, Dennis T1 - Unemployment Accounts and Employment Incentives JF - European Journal of Political Economy N2 - We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment accounts (UAs) system. Under the UAs system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced-budget interpersonal redistributions among the UAs. At the end of their working lives, people could transfer the remaining balances on their UAs into their pensions. We present an analytical framework to analyse the incentive effects of UAs and calibrate our model for the high high-unemployment countries of Europe. Our results suggest that this policy reform would significantly change people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the unemployed. KW - Unemployment benefits, Unemployment accounts, Redistribution, Employment, Unemployment Y1 - 2008 UR - https://opus4.kobv.de/opus4-hsog/frontdoor/index/index/docId/3066 U6 - https://doi.org/10.1016/j.ejpoleco.2008.06.006 VL - 24 IS - 3 SP - 587 EP - 604 ER -