Basten, Christoph; Fagereng, Andreas; Telle, Kjetil - 2012
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a … constraints. Finding liquidity constraints in Norway, despite its equitable wealth distribution and generous welfare state, means … they are likely to exist also in other countries. -- Unemployment ; Optimal Unemployment Insurance ; Liquidity Constraints …