The aim of this paper is to study the optimal duration of unemployment benefit entitlement duration across the business … cycle. We wonder if the entitlement duration should be prolonged in bad and shortened in good times. Because of consumption … duration may be preferable in the US but not in Europe. …

The aim of this paper is to study the optimal duration of unemployment benefit entitlement duration across the business … cycle. We wonder if the entitlement duration should be prolonged in bad and shortened in good times. Because of consumption … duration may be preferable in the US but not in Europe …