This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance …

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor …

with disdain for work. We propose an economic theory of preference formation where both the divergence of attitudes across … social classes and the ensuing reversal of economic fortunes are equilibrium outcomes. In our theory, parents shape their …

In this paper we compare the welfare effects of unemployment insurance (UI) with a universal basic income (UBI) system … shocks. While the unemployment insurance program should do a better job at protecting the unemployed, it suffers from moral … for insurance purposes because it is better targeted towards those in need …

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal …