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recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …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 …
Persistent link: https://www.econbiz.de/10011413806
recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …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 …
Persistent link: https://www.econbiz.de/10015062375
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/10011027239
Proceedings of a Conference Cosponsored by the Canadian Consulate General in New York, the Centre for the Study of Living Standards, the Federal Reserve Bank of New York, and the New York Association for Business Economics.
Persistent link: https://www.econbiz.de/10005372907
states experienced difficulties financing their unemployment insurance (UI) programs. Vroman discusses the recession …
Persistent link: https://www.econbiz.de/10005499058
The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important … factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …
Persistent link: https://www.econbiz.de/10010240062
increasing unemployment. A key question is which policies have this effect. Using a 3-year panel of 90 countries, the study finds … that the unemployment rate is affected by the existence, duration, and replacement rate of unemployment insurance. Hiring … unemployment. These results are broadly in line with the extensive literature on countries of the Organisation for Economic Co …
Persistent link: https://www.econbiz.de/10008658790
Persistent link: https://www.econbiz.de/10011417699
unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …
Persistent link: https://www.econbiz.de/10011309228
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