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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
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
All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having … recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …
Persistent link: https://www.econbiz.de/10011413806
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 unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
policy, in particular the short-time work policy (ERTE) in Spain. …
Persistent link: https://www.econbiz.de/10013326873
The Unemployment Insurance (UI) system in the United States has played a decisive lifeline role in effectively … before - despite that the average duration of unemployment had almost doubled in the aftermath of the Great Recession. The … introduce - for example in Europe - a common unemployment insurance scheme for macroeconomic stabilization. …
Persistent link: https://www.econbiz.de/10014414017
EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …
Persistent link: https://www.econbiz.de/10012310881
We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …
Persistent link: https://www.econbiz.de/10012311610
Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation and employment and a rise in unemployment …
Persistent link: https://www.econbiz.de/10012905171