Publicación: Cessation of Activity Benefit for Spanish Self-employed Workers: A Heterogeneous Impact Evaluation
Fecha
2019-05
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Derechos de acceso
info:eu-repo/semantics/openAccess
Licencia Creative Commons
http://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
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Instituto de Estudios Fiscales
Resumen
The goal of this paper is to evaluate the effects of a public policy implemented through the Spanish Social Security system: the Cessation of Activity Benefit (CAB) for self-employed workers. Making use of the Continuous Sample of Working Lives (MCVL) and by means of a Propensity Score Matching (PSM) methodology, our results show that, when we do not take into account heterogeneity in the treatment, self-employed workers receiving CAB experience non-employment spells between 33 and 38 logarithmic points longer than their not entitled counterparts. We also detect that this difference is not constant but depends on the likelihood of being treated. We believe that the two traditional problems that affect the insurance markets, consequence of the asymmetric information, adverse selection and moral hazard, are behind these results.
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Categorías UNESCO
Palabras clave
Self-employment, impact evaluation, propensity score matching, opportunistic Behavior
Citación
gnacio Moral-Arce & Javier Martín-Román & Ángel L. Martín-Román, 2019. "Cessation of Activity Benefit for Spanish Self-employed Workers: A Heterogeneous Impact Evaluation," Hacienda Pública Española / Review of Public Economics, IEF, vol. 231(4), pages 41-79, December.
Centro
Facultad de Ciencias Económicas y Empresariales
Departamento
Economía Aplicada y Gestión Pública