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The Unemployment Insurance (UI) system in the United States has played a decisive lifeline role in effectively mitigating the economic and social impact of the Covid-19 pandemic, which prompted the largest expansion of UI programs in history, one that is unprecedented in scope, scale and cost....
Persistent link: https://www.econbiz.de/10014414017
This study documents self-employed workers' characteristics associated with their career paths after a business closure in order to improve employment insurance for such workers. Utilizing work history data from the Korean Labor & Income Panel Survey, a competing-risks regression model is...
Persistent link: https://www.econbiz.de/10015189543
The introduction of unemployment insurance savings accounts (UISA) in Chile in October 2002 introduced more comprehensive unemployment protection while decreasing the opportunity costs of job change. Being the first to empirically investigate the effect of UISA on employment duration, this paper...
Persistent link: https://www.econbiz.de/10010222287
In response to the 2007 - 09 "Great Recession," the maximum duration of U.S. unemployment benefits was increased from the normal level of 26 weeks to an unprecedented 99 weeks. I estimate the impact of these extensions on job search, comparing them with the more limited extensions associated...
Persistent link: https://www.econbiz.de/10010417229
Unemployment insurance is usually found to show negative effects in the transition from unemployment to a new job. However, the extent to which workers' careers might improve or deteriorate as a result of the unemployment insurance system is not immediately clear. This paper addresses the...
Persistent link: https://www.econbiz.de/10010503359
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 to sell their assets or accept jobs below their...
Persistent link: https://www.econbiz.de/10011413806
Unemployment insurance schemes face a well-known trade-off between providing income support to those out of work and reducing their incentive to look for work. This trade-off between benefits and incentives is central to the public debate about extending benefit periods during the recent...
Persistent link: https://www.econbiz.de/10011416465
This article analyzes the behavioral effects of cash transfer programs when jobless people need to have access to a minimum consumption level. Our model reconciles recent evidence about negligible or favorable effects of cash transfers on job-finding rates and the more standard view of negative...
Persistent link: https://www.econbiz.de/10012195781
We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of household they live in: some agents live alone while others live with their spouses as a family. Our exercise is motivated by the fact that married individuals can rely on spousal...
Persistent link: https://www.econbiz.de/10012202383
Persistent link: https://www.econbiz.de/10008747619