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 …

Previous research on unemployment insurance (UI) has focused on the costs of the program, in terms of the distorting … effects of generous UI benefits on worker and firm behavior. For assessing the optimal size of an unemployment insurance … replacement rate leads to a consumption fall upon unemployment which is 2.7% smaller. Over this period, the average fall in …

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 …