@TechReport{iza:izadps:dp358,
            	author={Beissinger, Thomas and Buesse, Oliver},
            	title={Bismarck versus Beveridge: Which Unemployment Compensation System is More Prone to Labor Market Shocks?},
            	year={2001},
	month={Sep},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={358},
            	url={https://www.iza.org/index.php/publications/dp358},
	abstract={Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flat-rate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor market shock is provoked in the home country or originates from abroad. We also point out how our results extend to two-tier unemployment compensation systems which differ with respect to the relative importance of earnings-related and flat-rate benefits.},
	keywords={monopolistic competition;Earnings-related benefits;flat-rate benefits;unemployment;open economy;wage bargaining},
            }