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 "liquidity effect" rather than distortions in marginal incentives to …

It is well known that unemployment benefits raise unemployment durations. This result has traditionally been … hazard. This paper questions this interpretation by showing that unemployment benefits can also affect durations through an … proxies such as asset holdings. I find that increases in unemployment benefits have small effects on durations in the …

-term unemployment assistance (UA). The reform raised the minimum age to receive unlimited-duration UA from 52 to 55. Using a difference …-in-differences design, we document that shorter benefits caused (i) shorter non-employment duration, especially among younger workers; (ii …

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 …

duration. This use of a "natural experiment" allows us to separate the effect of the level of the benefits from the effect of … higher benefits, while those whose benefits do not change do not experience a change in duration. The estimates suggest large … moral hazard effects of higher benefits, with the estimated elasticity of spell duration with respect to benefits of …

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage … cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first … cyclicality from bargaining dampens unemployment dynamics through the standard mechanism. Third, our calibrated model suggests 46 …

This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and … duration-dependence in both perceived and actual job finding. Using longitudinal data from two comprehensive surveys, we … beliefs and ex-post realizations, to disentangle heterogeneity and duration-dependence in true job finding rates while …

unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar …

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 …