In the context of a standard equilibrium matching framework, this paper shows how a duration dependent unemployment insurance (UI) system stabilises unemployment levels over the business cycle. It establishes that reentitlement effects induced by a finite duration UI program generate intertemporal tranfers from firms that hire in future booms to firms that hire in current recessions. These tran...

The RRB administers comprehensive retirement/survivor and unemployment/sickness benefit programs for railroad workers and their families under the Railroad Retirement Act (RRA) and Railroad Unemployment Insurance Act (RUIA). These programs provide income protection to railroad workers and their families during old age and in the event of disability, death, temporary unemployment, or sickness. T...