This paper uses administrative unemployment insurance (UI) data and an unemployment benefits extension for workers aged 45 or older in Taiwan to estimate the effects of the extended benefits on unemployment duration and reemployment outcomes. Using the regression discontinuity design, we...

This paper estimates the welfare gain (i.e. ratio of liquidity to moral hazard effect) of extending UI benefits, using two natural experiments in Taiwan: a three-month benefits extension for middle-aged job losers and the introduction of a re-employment bonus. Our strategy exploits the fact that...

This paper estimates the liquidity effect and moral hazard effect of extended un- employment insurance (UI) benefits using two natural experiments. In Taiwan, since unemployed workers eligible for unemployment benefits receive 50% of their remaining entitlements if reemployed before they exhaust...