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Measuring the Equilibrium Effect of Unemployment Benefits DispersionAico Van VuurenErasmus University Rotterdam (EUR) - Department of Economics Gerard J. Van den BergVU University Amsterdam - Department of Economics; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA); Tinbergen Institute Geert RidderUniversity of Southern California July 2000 Tinbergen Institute Discussion Paper Abstract: We analyze the impact of unemployment benefits and minimum wages using an equilibrium search model which allows for dispersion of benefits and productivity levels, job-to-job transitions, and structural and frictional unemployment. The estimation method uses readily available aggregate data on marginal distributions of unemployment durations as well as wages and benefit levels. Different causes of structural and frictional unemployment are investigated. We investigate the efficiency of the imposition of a single benefit level for all household types and the introduction of an Earned Income Tax Credit.
Number of Pages in PDF File: 43 Keywords: Equilibrium search, wages, benefit levels, minimum wages, welfare JEL Classification: J64, C41, E24, J31 working papers seriesDate posted: August 2, 2000Suggested CitationContact Information
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