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A considerable share of the labor force consists of underemployed part-time workers: employed workers who, for various reasons, are unable to work as much as they would like to. Offering unemployment benefits to part-time unemployed workers is controversial. On the one hand, such benefits can...
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This paper studies the welfare effects of unemployment insurance (UI) in low-income countries characterized by high levels of informality, weak enforcement of UI claims, and job search frictions. We assess the impact of UI on workers' welfare in the presence of moral hazard and liquidity...
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The U.S. unemployment insurance (UI) system operates as a federal-state partnership, where states have considerable autonomy to decide on specific UI rules. This has allowed for systematically stricter rules in states with a larger Black population. We study how these differences in state rules...
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This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We … call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement … approaches, a target retirement fund gradually purchases deferred life annuities beginning at age 50. In the particular straw …
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