Title of article
A quantitativeanalysisofunemploymentbenefitextensions
Author/Authors
Makoto Nakajima، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
17
From page
686
To page
702
Abstract
Extensions ofunemploymentinsurance(UI)benefits havebeenimplementedinresponseto
the GreatRecession.Thispapermeasurestheeffectoftheseextensionsontheunemploy-
ment rateusingacalibratedstructuralmodelfeaturing jobsearchandconsumption-saving
decisions,skilldepreciation,andUIeligibility.TheongoingUIbenefitextensionsarefoundto
have raisedtheunemploymentrateby1.4percentagepoints,whichisabout30%ofthe
observedincreasesince2007.Moreover,thecontributionoftheUIbenefitextensionstothe
elevatedunemploymentrateincreasedduring 2009–2011;whilethenumberofvacancies
recovered, thesuccessiveextensions keptsearchintensitydown
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846551
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