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Full-Text Articles in Economics

Employee Benefits And Tax Reform, Stephen A. Woodbury Jul 1996

Employee Benefits And Tax Reform, Stephen A. Woodbury

Upjohn Institute Working Papers

The current tax treatment of pensions and health insurance in the United States is a hybrid that lacks consistency under either an accrual income tax system or a consumption tax system. Under an accrual income tax, employer contributions to pension plans represent an addition to wealth that would be taxed at the time they are made. The interest earned on pension contributions also represents an addition to wealth that would be taxed annually. When a worker retires, all applicable taxes would already have been paid on the benefit, and the flow of retirement income received by the worker would not …


Unemployment Insurance And Unemployment: Implications Of The Reemployment Bonus Experiments, Carl Davidson, Stephen A. Woodbury Apr 1996

Unemployment Insurance And Unemployment: Implications Of The Reemployment Bonus Experiments, Carl Davidson, Stephen A. Woodbury

Upjohn Institute Working Papers

We translate the results of the three reemployment bonus experiments that were conducted during the 1980s into (a) impacts of a 10-percentage point increase in the Unemployment Insurance (UI) replacement rate on the expected duration of unemployment; and (b) impacts of adding 1 week to the potential duration of UI benefits on the expected duration of unemployment. Our approach is to use an equilibrium search and matching model, calibrated using data from the bonus experiments and secondary sources. The results suggest that a 10-percentage point increase in the UI replacement rate increases the expected duration of unemployment by .3 to …


Design Of The Worker Profiling And Reemployment Services System And Evaluation In Michigan, Randall W. Eberts, Christopher J. O'Leary Apr 1996

Design Of The Worker Profiling And Reemployment Services System And Evaluation In Michigan, Randall W. Eberts, Christopher J. O'Leary

Upjohn Institute Working Papers

The Unemployment Compensation Amendments of 1993, Public Law 103-152, require each state employment security agency to implement a Worker Profiling and Reemployment Services (WPRS) system. WPRS systems are intended to identify unemployment insurance beneficiaries who are most likely to exhaust their regular benefits, and refer them quickly to reemployment services to speed the transition to new employment. This brief paper was prepared for a national colloquium on WPRS held June 11-14, 1996 in Atlanta. The paper summarizes work done by the W.E. Upjohn Institute for Employment Research for the State of Michigan to design and implement a UI profiling model, …


Reducing The Welfare Dependence Of Single-Mother Families: Health-Related Employment Barriers And Policy Responses, Jean Kimmel Mar 1996

Reducing The Welfare Dependence Of Single-Mother Families: Health-Related Employment Barriers And Policy Responses, Jean Kimmel

Upjohn Institute Working Papers

The problem of rising health care costs and the related increased dependency on health insurance coverage has moved to the forefront of the U.S. policy agenda in recent years and was a fundamental component of President Clinton's 1992 campaign platform. However, the President's 1994 health care reform proposal was unsuccessful, and current GOP proposals to cut the rate of growth of Medicare and Medicaid spending while the eligible population and costs both continue to grow fail to address the problem of coverage. In fact, one likely side effect of the cost-shifting to private insurance carriers will be to increase the …


A Framework For Assessing The Economic Benefits And Costs Of Workplace Literacy Training, Kevin M. Hollenbeck Jan 1996

A Framework For Assessing The Economic Benefits And Costs Of Workplace Literacy Training, Kevin M. Hollenbeck

Upjohn Institute Working Papers

Many individuals are grappling with the issue of whether to provide workers with training that upgrades the workers' basic academic skills. The corollary questions that flow from this issue are how to provide the training, how much training should be provided, and who should pay for the training. Workers are interested in this issue because they want to sustain productive, well-paying careers that will support adequate standards of living. Not receiving training may jeopardize their careers and earning power. Employers are interested in this issue because their economic role is to maximize corporate profits for stockholders. In most companies, worker …