How unemployment insurance savings accounts affect employment duration: Evidence from Chile
Nagler, Paula (2013). How unemployment insurance savings accounts affect employment duration: Evidence from Chile. UNU-MERIT.
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Author Nagler, Paula Title How unemployment insurance savings accounts affect employment duration: Evidence from Chile Publication Date 2013 Publisher UNU-MERIT Abstract The introduction of unemployment insurance savings accounts (UISA) in Chile in October 2002 brought in more comprehensive unemployment protection while decreasing the opportunity costs of job change. Being the first to empirically investigate the effect of UISA on employment duration, this paper examines (i) whether the introduction of UISA affected employment duration among formal private sector workers, and (ii) the magnitude of this effect. The analysis is performed on longitudinal social protection data and uses survival analysis techniques, including non-parametric, semi-parametric and parametric analysis, and competing-risk models. The paper finds that workers participating in the scheme show an increased hazard ratio of leaving employment, or accelerated time to employment termination. The effect is larger for workers becoming unemployed or inactive compared to workers changing jobs. The results provide strong support that the introduction of UISA led to shorter employment duration and higher mobility of the workforce in Chile. Keyword Unemployment insurance savings accounts
Employment duration
Survival analysis
ChileJEL C41
J63
J64
J65Copyright Holder UNU-MERIT Copyright Year 2013 -
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