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Identifying Risk-based Selection in Social Insurance

其他書名	New Approaches and Findings
出版	Netspar, Network for Studies on Pensions, Aging and Retirement, 2022
URL	http://books.google.com.hk/books?id=vDFPzwEACAAJ&hl=&source=gbs_api

註釋We study risk-based selection into a voluntary unemployment insurance (UI) scheme. To disentangle behavioral effects from selection, we exploit variation in the sign-up induced by an early retirement scheme embedded into the UI system. We combine an event study with a differencein-difference approach applied to Danish register data to quantify the selection. We find that individuals who sign up for UI are negatively selected in terms of subsequent unemployment. However, we find important heterogeneity across education and gender. In addition, life cycle events (such as buying a first home) point to effects consistent with dynamic selection on moral hazard.