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In this paper we study the effects of unemployment benefit duration and the business cycle on unemployment duration. We … construct durations for individuals entering unemployment from a longitudinal sample of Spanish men in 1987-1994. Estimated … discrete hazard models indicate that receipt of unemployment benefits significantly reduces the hazard of leaving unemployment …
Persistent link: https://www.econbiz.de/10014059630
The effect of generous unemployment benefits on the propensity of individuals to stay on unemployment was hotly debated … during the COVID pandemic. This paper examines the impact of the Federal Pandemic Unemployment Compensation (FPUC) using rich … response from men. The baseline odds of exiting versus staying on unemployment rolls (holding all else constant) for females is …
Persistent link: https://www.econbiz.de/10014077721
, unemployment remained high. In this paper, we show that countercyclical unemployment benefit extensions lead to jobless recoveries …. We augment the standard Mortensen-Pissarides model to incorporate unemployment benefits expiration and state …-dependent extensions of unemployment benefits. In the model, an extension of unemployment benefits slows down the recovery of vacancy …
Persistent link: https://www.econbiz.de/10013055001
before - despite that the average duration of unemployment had almost doubled in the aftermath of the Great Recession. The …The Unemployment Insurance (UI) system in the United States has played a decisive lifeline role in effectively … one in three unemployed workers used to collect UI benefits - of lower amounts and often for shorter periods of time than …
Persistent link: https://www.econbiz.de/10014414017
We show in a union-bargaining model that a decrease in the unemployment benefit level increases not only equilibrium …-term wage contracts lead to highter expected real wages and hence higher expected unemployment than short-term contracts …
Persistent link: https://www.econbiz.de/10011399303
We show in a union-bargaining model that a decrease in the unemployment benefit level increases not only equilibrium …-term wage contracts lead to higher expected real wages and, hence, higher expected unemployment than short-term contracts …
Persistent link: https://www.econbiz.de/10013320878
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10010202667
Persistent link: https://www.econbiz.de/10014248295
Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …
Persistent link: https://www.econbiz.de/10013164115
We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from … differences between the micro and macro unemployment definitions. The results also show to what extent the unemployment duration … unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the …
Persistent link: https://www.econbiz.de/10011299970