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The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an … search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant …
Persistent link: https://www.econbiz.de/10011513998
likely to exist also in other countries -- Unemployment ; Optimal Unemployment Insurance ; Liq-uidity Constraints ; Mental …
Persistent link: https://www.econbiz.de/10009672437
Search, and these unique data allow the opportunity to estimate the effects of weekly unemployment insurance claims, in … addition to monthly unemployment rates, on search indexes for “depression” and “anxiety.” Results from state fixed effects … models that include year and week dummies yield 1) a positive relationship between the unemployment rate and the depression …
Persistent link: https://www.econbiz.de/10013133004
In the midst of sharply rising long-term unemployment, a series of unemployment benefit (UB) eligibility extensions … ‘laws of economics' to warn that the extensions may be responsible for much of the current unemployment crisis. This … eligibility rules are not effectively enforced, so any income replacement must reduce work incentives and increase unemployment …
Persistent link: https://www.econbiz.de/10013107920
received unemployment insurance (UI) between 2014 and 2016 across 18 states to evaluate the role that UI plays in mitigating …
Persistent link: https://www.econbiz.de/10012963873
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the median lowers the fraction re-employed after a year by six percentage...
Persistent link: https://www.econbiz.de/10012905729
This paper studies the macroeconomic effects of an enhancement in unemployment benefits in Korea. In particular, I … unemployment insurance (UI) system in Korea. The quantitative analysis conducted here shows that extending maximum benefit …
Persistent link: https://www.econbiz.de/10012908939
causes deficient aggregate demand and thereby unemployment in the presence of nominal wage stickiness attributable to union … wage setting. In this long-run stagnation, generous unemployment benefits reduce unemployment. Moreover, paradoxically …, unemployment declines if labor unions give more weight to nominal wage gains compared with employment increases …
Persistent link: https://www.econbiz.de/10012989163
We analyze the general equilibrium effects of countercyclical unemployment benefit policies. Our heterogenous …-agent model features costly job search with imperfect insurance of unemployment risk and individual savings. Our model predicts …: (1) the additional unemployment under a countercyclical policy relative to that under an acyclical policy to be a …
Persistent link: https://www.econbiz.de/10013212167
This paper investigates the impact of endogenous unemployment insurance (UI) extensions on the dynamics of unemployment … for the maximum UI duration to depend on unemployment and for UI benefits to depend on worker characteristics. UI … extensions have a large effect on long-term unemployment during the Great Recession via job search responses and a moderate …
Persistent link: https://www.econbiz.de/10013212185