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Social comparisons are important in the employment sphere. A "culture of unemployment" may evolve and prevail because it is optimal for an individual to remain unemployed when other unemployed individuals constitute his main reference group. We advance the idea that by making the receipt of...
Persistent link: https://www.econbiz.de/10010520356
Social comparisons are important in the employment sphere. A "culture of unemployment" may evolve and prevail because it is optimal for an individual to remain unemployed when other unemployed individuals constitute his main reference group. We advance the idea that by making the receipt of...
Persistent link: https://www.econbiz.de/10011281240
Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 … during the Great Recession and during the recovery can be attributed to cyclical factors rather than structural factors. The … Credits increased the likelihood of employment by about 4.7 percent for disconnected youth but had no effect on disabled and …
Persistent link: https://www.econbiz.de/10011288771
Young adults entering the labor force typically have little access to unemployment insurance or other formal insurance mechanisms. Instead, they rely on family insurance in the form of parental support to smooth consumption. We study the labor market response of Belgian young adults to decreases...
Persistent link: https://www.econbiz.de/10011317635
The relationship between unemployment benefit duration, unemployment duration and subsequent job duration is investigated using a multi-state duration model with state specific unobserved heterogeneity. I allow maximum benefit duration to be correlated with unemployment duration as well as...
Persistent link: https://www.econbiz.de/10011325669
This paper exploits a substantial reform of the Dutch UI law to study the effect of the entitlement period on job finding and subsequent labor market outcomes. Using detailed administrative data covering the full population we find that reducing the entitlement period increases the job finding...
Persistent link: https://www.econbiz.de/10010386610
This paper studies how changes in extended unemployment insurance (UI) benefit affect the duration of unemployment. We investigate this question by exploiting not only strict age thresholds but also the pre-displacement tenure and the reason for separation from the previous job in the Japanese...
Persistent link: https://www.econbiz.de/10009788791
This paper analyses crucial design features of unemployment insurance (UI) policies. We examine three different means of improving the efficiency of UI: the duration of benefit payments, monitoring in conjunction with sanctions, and workfare. To that end we develop a quantitative model of...
Persistent link: https://www.econbiz.de/10011509411
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an analytically tractable model allowing moral hazard, adverse selection and hidden savings. Analytical results show that when the search productivity of unemployed is constant over...
Persistent link: https://www.econbiz.de/10011513998
In response to the 2007 - 09 "Great Recession," the maximum duration of U.S. unemployment benefits was increased from …, comparing them with the more limited extensions associated with the milder 2001 recession. The analyses rely on monthly matched …
Persistent link: https://www.econbiz.de/10010417229