All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having … recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …

Measures of individual happiness, or well-being, can guide labor market policies. Individual unemployment, as well as … the rate of unemployment in society, have a negative effect on happiness. In contrast, employment protection and … unemployment benefits can contribute to happiness - though when such policies prolong unemployment, the net effect on national …

reasons, are unable to work as much as they would like to. Offering unemployment benefits to part-time unemployed workers is …

unemployment Search and Matching models. A benchmark HC model is thus modified to allow for lower job displacement risk, and higher … investment in human capital are consistent with observed patterns, such as unemployment duration dependence (stigma), post …

Unemployment insurance schemes face a well-known trade-off between providing income support to those out of work and …