Showing 1 - 10 of 102
When asset values fall, the owners of collateralized loans are not in an enviable position. Nonetheless, they possess a kind of monopoly power over their borrowers that they do not possess when borrowers are solvent. Lenders maximize profits by price discriminating, but create deadweight costs...
Persistent link: https://www.econbiz.de/10012758143
This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a … unemployment durations caused by UI benefits is due to a quot;liquidity effectquot; rather than distortions in marginal incentives …
Persistent link: https://www.econbiz.de/10012759356
Does attracting or losing jobs in high paying sectors have important spill-over effects on wages in other sectors? The answer to this question is central to a proper assessment of many trade and industrial policies. In this paper, we explore this question by examining how predictable changes in...
Persistent link: https://www.econbiz.de/10012760221
In this paper, we review the literature on the quot;spikequot; in unemployment exit rates around benefit exhaustion … unemployment spells are measured has a large effect on the magnitude of the spike at exhaustion, both in existing studies and in … defined by the time spent on the unemployment system. In Austria, the exit rate from registered unemployment rises by over 200 …
Persistent link: https://www.econbiz.de/10012760395
This paper examines unemployment duration and the incidence of claims following a 36 percent increase in the maximum …
Persistent link: https://www.econbiz.de/10012760421
The Great Depression of the 1930s led contemporaries to worry that people hit by hard times would turn to crime in their efforts to survive. Franklin Roosevelt argued that the unprecedented and massive expansion in relief efforts quot;struck at the roots of crimequot; by providing subsistence...
Persistent link: https://www.econbiz.de/10012760461
sharp discontinuities in eligibility for severance pay and extended unemployment insurance (UI) benefits in Austria …
Persistent link: https://www.econbiz.de/10012760593
welfare. This insight leads to a novel test for the optimality of unemployment insurance based on the responsiveness of … reservation wages to unemployment benefits. Some existing estimates imply significant gains to raising the current level of … unemployment benefits in the United States, but highlight the need for more research on the determinants of reservation wages. Our …
Persistent link: https://www.econbiz.de/10012760612
This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social … consistent evidence of an effect. This suggests that in some ways SS may serve as a more effective form of unemployment insurance …
Persistent link: https://www.econbiz.de/10012760622
behaviors in 10th grade eliminates the unemployment effect, but strengthens the wage effect. As the latter is not explicable by …
Persistent link: https://www.econbiz.de/10012760640