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stationary search problems, the optimal subsidies are independent of unemployment duration. In contrast, when workers are …This paper studies the optimal timing of unemployment insurance subsidies in a McCall search model. Risk-averse workers … sequentially sample random job opportunities. Our model distinguishes unemployment subsidies from consumption during unemployment …
Persistent link: https://www.econbiz.de/10012780124
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
One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face … of longer unemployment spells. Although it is a common concern that such extensions may themselves raise nonemployment … differential effects of UI in booms and recessions, this paper exploits the fact that, in Germany, potential UI benefit duration is …
Persistent link: https://www.econbiz.de/10013110942
We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of … effect of maximum duration on UI and nonemployment spells of approximately 0.5 and 0.3 respectively. We use RDD estimates to … simulate the unemployment rate assuming no market-level externalities. The simulated response closely approximates the …
Persistent link: https://www.econbiz.de/10012986696
benefits or by taxing unemployment benefits) could significantly lower the average duration of unemployment and the relative … number of long duration spells of unemployment. Because of the non-linear response of the unemployment duration to the … than the wage ontheir previous job.Our econometric evidence shows that the level of unemployment benefitsrelative to …
Persistent link: https://www.econbiz.de/10013324640
reservation wages, including key policy variables such as unemployment insurance (UI), is scarce. In France, unemployed people … duration (PBD) on reservation wages and on other dimensions of job selectivity, using a difference-in-difference strategy. We … of hours, duration of labor contract and commuting time/distance. The estimated elasticity of actual benefit duration …
Persistent link: https://www.econbiz.de/10012956405
unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar …
Persistent link: https://www.econbiz.de/10012980189
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/10012994904
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/10013029552
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