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This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … with retirement policies. Accounting for interactions across UI and retirement institutions also helps explain otherwise … difficult-to-explain trends in the unemployment rate of older German workers …
Persistent link: https://www.econbiz.de/10014421233
receive unemployment insurance benefits. Using samples of unemployed workers from the March Current Population Survey, we … fraction who actually receive unemployment compensation. Perhaps surprisingly, we find that the decline in the fraction of … insured unemployment is due to a decline in the takeup rate for benefits . Our estimates indicate that takeup rates declined …
Persistent link: https://www.econbiz.de/10012476183
This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the …
Persistent link: https://www.econbiz.de/10012458891
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381