calibrated GE model with uninsurable employment risk, designed to assess the optimal replacement rate for a public Unemployment … calibrating these parameters in similar environments. -- Calibration methods ; Unemployment Risk ; Optimal Unemployment Insurance …

During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions … increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board … implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 40%: increasing …

During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions … increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board … implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 40%: increasing …

production boundary, and the conditions for a transfer of labor across the boundary. Economic theory indicates that the labor …