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The Effects of Unemployment Insurance Benefits : New Evidence and Interpretation
Schmieder, Johannes F. - 2016
, 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/10012984118
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Taxation and Redistribution of Residual Income Inequality
Golosov, Mikhail - 2012
This paper studies the optimal redistribution of income inequality in a model with search and matching frictions in the labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous workers and heterogeneous firms. The optimal...
Persistent link: https://www.econbiz.de/10013105002
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Mismatch, Sorting and Wage Dynamics
Lise, Jeremy - 2013
We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact of regulation in a labor market with heterogeneous workers and jobs. To achieve this we develop an equilibrium model of wage determination and employment which extends the...
Persistent link: https://www.econbiz.de/10013088394
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Unemployment Benefits, Labor Market Transitions, and Spurious Flows : A Multinational Logit Model with Errors in Classification
Poterba, James M.; Summers, Lawrence H. - 2021
This paper develops an algorithm for analyzing discrete events, such as labor market transitions, when some of these transitions are spurious because of measurement errors. Our algorithm extends the standard multinomial logit model, although our basic approach could be used with other stochastic...
Persistent link: https://www.econbiz.de/10013247270
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Cash-on-Hand and Competing Models of Intertemporal Behavior : New Evidence from the Labor Market
Card, David - 2010
This paper presents new tests of the permanent income hypothesis and other widely used models of household behavior using data from the labor market. We estimate the quot;excess sensitivityquot; of job search behavior to cash-on-hand using sharp discontinuities in eligibility for severance pay...
Persistent link: https://www.econbiz.de/10012760593
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Labor Market Shocks and Retirement : Do Government Programs Matter?
Coile, Courtney - 2010
This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social Security (SS) system affect how older workers respond to labor market shocks. To do so, we use pooled cross-sectional data from the March Current Population Survey (CPS) as well...
Persistent link: https://www.econbiz.de/10012760622
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Unemployment vs. Mismatch of Talents : Reconsidering Unemployment Benefits
Marimon, Ramon; Zilibotti, Fabrizio - 2022
We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The predictions of our simple model are consistent with the...
Persistent link: https://www.econbiz.de/10014158066
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The Long-Term Effects of a Generous Income Support Program : Unemployment Insurance in New Brunswick and Maine, 1940-1991
Kuhn, Peter; Riddell, Chris - 2021
Using data spanning a half century for adjacent jurisdictions in the U.S. and Canada, we study the long-term effects of a very generous unemployment insurance (UI)program on weeks worked. We find large effects. For example, in 1990, about 6 percent of employed men in Maine's northernmost...
Persistent link: https://www.econbiz.de/10013216878
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Fiscal Institutions and Public Sector Labor Markets
Poterba, James M.; Rueben, Kim S. - 2021
This paper investigates how state and local fiscal institutions affect the pattern of relative wages between state and local government employees and their private sector counterparts. It focuses on changes in relative wages during the 1979-1986 period. Empirical analysis of data from the...
Persistent link: https://www.econbiz.de/10013240548
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Health Care, Technological Change, and Altruistic Consumption Externalities
Philipson, Tomas - 2014
Traditional economic analysis has proposed well known remedies to deal with consumption externalities and inefficient … of Ramp;D and consumption externalities is central to health care industries around the world generally, and for the … problems in isolation are inefficient -- Pigouvian corrections to consumption externalities are inefficient under technological …
Persistent link: https://www.econbiz.de/10012752457