Technological Change and Insuring Job Loss

48 Pages Posted: 23 Jan 2024

See all articles by J. Carter Braxton

J. Carter Braxton

University of Wisconsin - Parkside - University of Wisconsin

Bledi Taska

SkyHive

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

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

J. Carter Braxton (Contact Author)

University of Wisconsin - Parkside - University of Wisconsin ( email )

Bledi Taska

SkyHive ( email )

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