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unemployment duration by 5.7 weeks (or 14%), implying an elasticity of 0.86. We find strong behavioral effects as the reform … reduced the expected unemployment duration right from the beginning of the unemployment spell. While the reform had no effect … 180 days of unemployment for all spells beginning on July 15, 2012. Using Social Security data and a Differences …
Persistent link: https://www.econbiz.de/10012986764
little effect on aggregate unemployment duration. Additionally we show that the link between claiming and job search efforts … has important implications when measuring how UI parameters impact unemployment duration …A large fraction of the eligible unemployed workers does not claim for unemployment insurance (UI) and, among claimants …
Persistent link: https://www.econbiz.de/10013250772
individuals. Standard search theory predicts that an increase in UI benefit generosity, either in terms of benefit duration or … entitlement, has a negative impact on the job search activities of the unemployed increasing their unemployment duration. Despite … the disincentive effect of UI on unemployment duration, UI benefit generosity may also increase job match quality by …
Persistent link: https://www.econbiz.de/10013144461
-funded unemployment insurance program. We show that when the duration of unemployment is very short compared to the period of employment …This paper analyzes a social insurance system that integrates unemployment insurance with a pension program through an … individual account, allowing workers to borrow against their future wage income to finance consumption during an unemployment …
Persistent link: https://www.econbiz.de/10013246361
of higher unemployment insurance benefits, individuals who filed just before and just after sixteen benefit increases are … period of unemployment insurance receipt by about one week. This effect is precisely estimated and found using several … approaches. the incidence of layoffs resulting in unemployment insurance claims is unaffected by the increases. The evidence does …
Persistent link: https://www.econbiz.de/10013246510
This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a … unemployment durations caused by UI benefits is due to a "liquidity effect" rather than distortions in marginal incentives to …
Persistent link: https://www.econbiz.de/10012464682
duration of unemployment spells …We study the optimal design of unemployment insurance for workers sampling job opportunities over time. We focus on the … absolute risk aversion preferences, a very simple policy is optimal: a constant benefit during unemployment, a constant tax …
Persistent link: https://www.econbiz.de/10012466987
-funded unemployment insurance program. We show that when the duration of unemployment is very short compared to the period of employment …This paper analyzes a social insurance system that integrates unemployment insurance with a pension program through an … individual account, allowing workers to borrow against their future wage income to finance consumption during an unemployment …
Persistent link: https://www.econbiz.de/10012469511
Persistent link: https://www.econbiz.de/10012418701