منابع مشابه
Labor Market Cycles and Unemployment Insurance Eligibility
If entitlement to UI bene ts must be earned with employment, generous UI is an additional bene t to an employment relationship, so it promotes job creation. If individuals are risk neutral, UI is fairly priced, and the UI system prevents moralhazard unemployed workers, the generosity of UI has no e¤ect on unemployment. As with Ricardian Equivalence, this result should be useful to pinpoint the ...
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This paper investigates the change in wages associated with a spell of unemployment. The novelty lies in using monthly data from the Survey of Income and Program Participation (SIPP) to analyze the dynamics of those wage changes across different business cycles. The level of education or the sector of re-employment affects the change in wages following an unemployment spell differently across d...
متن کاملLabor market cycles, unemployment insurance eligibility, and moral hazard
a r t i c l e i n f o a b s t r a c t If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If individuals are risk neutral, then there is a UI contribution scheme that eliminates any effect of UI on employment decisions. As with Ricardian Equivalence, this result should be useful to pinpoint the e...
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ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2019
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.20180105