. The value of this state is therefore a fundamental determinant of wages and, in turn, labor supply and job creation. We … measure the effect of changes in the value of nonemployment on wages in existing jobs and among job switchers. Our quasi … document that wages are insensitive to UI benefit levels: point estimates imply a wage response of less than $0.01 per $1.00 UI …

. The value of this state is therefore a fundamental determinant of wages and, in turn, labor supply and job creation. We … measure the effect of changes in the value of nonemployment on wages in existing jobs and among job switchers. Our quasi … document that wages are insensitive to UI benefit levels: point estimates imply a wage response of less than USD 0.01 per USD 1 …