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unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar …
Persistent link: https://www.econbiz.de/10012455899
By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering … this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data … revisions to decompose the variation in the duration of benefits into the part coming from actual differences in economic …
Persistent link: https://www.econbiz.de/10012456512
We measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the … benefit duration leads to a statistically significant increase of employment by 0.019 log points. In levels, 2.1 million …
Persistent link: https://www.econbiz.de/10012457782
unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are …In response to the Great Recession, the availability of unemployment insurance (UI) benefits was extended to an … individual exit from unemployment, and we compare the estimated impact with that for the prior extension of benefits during the …
Persistent link: https://www.econbiz.de/10012459613
unemployment insurance benefits on the duration of joblessness in Austria, where the benefit schedule has kinks at the minimum and … institutional settings where a policy variable (such as weekly unemployment benefits) is determined by an observed but potentially …
Persistent link: https://www.econbiz.de/10012460096
error in unemployment rates as an exogenous variation. Unfortunately, we find that this approach falls prey to the very … the effects of unemployment benefit extensions on the labor market and attempt to reconcile their apparently disparate …
Persistent link: https://www.econbiz.de/10012456395
examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation …
Persistent link: https://www.econbiz.de/10012470102
-run concept like the natural rate of unemployment. We examine what effect uncertainty has on the use of NAIRU in policy …
Persistent link: https://www.econbiz.de/10012470871
In this paper, we investigate the properties of alternative monetary policy rules using four structural macroeconometric models: the Fuhrer-Moore model, Taylor's Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB staff model. All four models incorporate the assumptions of...
Persistent link: https://www.econbiz.de/10012472239
The Great Recession has renewed interest in Unemployment Insurance (UI) programs around the world. At the same time …, there have been important advances in both theory and measurement of UI. In this paper, we first use the theory to present a …
Persistent link: https://www.econbiz.de/10012456115