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Business and Economics > Insurance

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Government Policy; Provision and Effects of Welfare Program x
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Cover IMF Working Papers
Work Absence in Europe
Mr. Leo Bonato
and
Ms. Lusine Lusinyan
Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms, with insurance provisions and labor market institutions affecting the costs of absence. The results from a panel of 18 European countries indicate that absence is increased by generous insurance schemes where employers bear little responsibility for their costs. Shorter working hours reduce absence, but flexible working arrangements are preferable if labor supply erosion is a concern.
Keywords:
WP; sickness absence; labor force; sick pay; labor market; unemployment insurance; working time; social insurance; panel data; Europe; absence rate; employment protection; sickness insurance; Insurance; Employment protection; Labor supply; Unemployment benefits
Cover IMF Survey
IMF Survey: Volume 29, Issue 01
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; IMF's website; structural adjustment Facility; SDR; gold sale; contingency financing facility; fund Facility; decision-making role; Poverty reduction strategy; Insurance; Exchange rate arrangements; Employment; Poverty reduction; Global; Europe; Africa; Pacific Islands; Central and Eastern Europe; Asia and Pacific