We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of … aggregate wealth moments. Our central finding is that changes to the current unemployment insurance program are valued … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married …

labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled … unemployment, and then due to a sharp decline of skilled unemployment when skill substitution dominates. A higher elasticity of …-specific unemployment ; human capital investment ; idiosyncratic shock ; skill substitution ; search and matching …

additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In … contrast, in those areas where unemployment has risen cyclically reduced market work is made up almost entirely by additional …

Unemployment insurance policies are multidimensional objects. They are typically defined by waiting periods … difficult. To make things worse, labor market conditions, such as the likelihood and duration of unemployment matter when … unemployment insurance programs with a single metric. We build a first model with such complex characteristics. Our model features …

In this paper, we develop a methodology to summarize the various policy parameters of an unemployment insurance scheme … into a single generosity parameter. Unemployment insurance policies are multdimensional objects. They are typically defined … unemployment matter when assessing the generosity of different policies. We build a first model with such complex characteristics …