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Wage insurance provides income support to displaced workers who find reemployment at a lower wage. We analyze wage insurance in the context of the U.S. Trade Adjustment Assistance (TAA) program by merging linked employer-employee Census data to TAA petitions and leveraging a discontinuity in...
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larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self …-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated …. This exercise suggests that extending the current US unemployment insurance scheme to the self-employed comes with a clear …
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