Should unemployment compensation be paid indefinitely at a fixed rate or should it decline (or increase) over a worker … s unemployment spell? We examine these issues using an equilibrium model of search unemployment. The model features … is that an optimal insurance program implies a declining sequence of unemployment compensation over the spell of …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …) differences across European countries in the role played respectively by unemployment and labor force participation. The model …

Unemployment Insurance benefit durations were extended during the Great Recession, reaching 99 weeks for most …-2014, we estimate the effect of extended benefits on unemployment exits separately during the earlier period of benefit …

reducing unemployment leads to industrialised countries offering financial support to unemployed job seekers when searching for …. While job search theory predicts a shift in individuals' search effort from local to distant labour markets, consequences …

Unemployment insurance schemes face a well-known trade-off between providing income support to those out of work and …

This paper discusses the effects of a higher unemployment benefit replacement rate on unemployment durations …, employment and earnings. A reform of the Swiss unemployment insurance in July 2003 increased the replacement rate by up to 5 … approach. The increase in the replacement rate increased unemployment durations, while it did not affect post-unemployment …

Young adults entering the labor force typically have little access to unemployment insurance or other formal insurance …