While there has been considerable discussion of the adequacy of unemployment insurance (UI) benefits as a form of … income replacement, there is little evidence on the other resources that the unemployed have to finance their unemployment … financial assets sufficient to finance roughly two-thirds of the income loss from an unemployment spell, but that there is …

consumption across states and times. Compared to the first best, there will be too little search. Optimal unemployment programs … welfare and may even increase GDP. Our analytical results suggest that welfare is higher if the unemployment benefits program … includes income-contingent unemployment loans (ICL), where the amount repaid depends on the individual's future income. Such …

I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal …-2014, UI benefit extensions had a contemporaneous output multiplier around 1 or higher. The unemployment rate would have been …

Before 1979, unemployment insurance (UI) benefits were not treated as taxable income in the United States. Several … has had the predicted effect of reducing unemployment duration.The study uses data on a sample of persons that filed for … presents persuasive evidence of a tax effect on unemployment duration. The 1979 policy change is estimated to have reduced …

response to demand and productivity shifts. Unemployment is sustained because the marginal value of labor is not equated across … transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling … atheory of consumption rigidity rather than wage rigidity. Another empirical implication is that unemployment incidence is …

the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …

Unemployment Compensation, and the likely impacts of that Commission and economists' research findings on policy. Using a … effects of unemployment insurance, with the degree of recognition proportional to the strength of the consensus among …

This paper presents a framework for analyzing the relation of unemployment insurance to unemployment and applies the … framework to evaluate recent developments in the UI literature and future research needs. Unemployment is decomposed into more … basic elements related to the labor market flows which determine unemployment incidence and duration. It is also …

-financed unemployment insurance. The key element in the analysis is that unemployment insurance is more attractive than risk shifting as a … way for workers to obtain income during unemployment. The paper also analyses the effects of risk shifting and … unemployment insurance on the magnitude of employment fluctuations. The analysis implies that, given the existence of unemployment …