Technological Change and Insuring Job Loss
48 Pages Posted: 23 Jan 2024
Abstract
We examine the role of technological change in shaping insurance to the unemployed. We integrate technological change, occupation choice, and employment risk into a Bewley-style economy to examine the optimal combination of public insurance transfers and retraining subsidies for unemployed workers. We find that technological change introduces a motive for a utilitarian government to introduce retraining subsidies as part of an optimal policy for unemployed workers.
Keywords: Retraining, Technological Change
Suggested Citation: Suggested Citation
Braxton, J. Carter and Taska, Bledi, Technological Change and Insuring Job Loss. Available at SSRN: https://ssrn.com/abstract=4703607 or http://dx.doi.org/10.2139/ssrn.4703607
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