Labor Market Effects of Unemployment Insurance Design
CentER Discussion Paper Series No. 2012-082
41 Pages Posted: 22 Oct 2012 Last revised: 23 Oct 2012
There are 2 versions of this paper
Labor Market Effects of Unemployment Insurance Design
Labor Market Effects of Unemployment Insurance Design
Date Written: October 22, 2012
Abstract
With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate. In this paper, we review the recent theoretical and empirical evidence on the labor market effects of UI design. We also discuss policy issues related to UI design, including the structure of benefits, the role of liquidity constraints and the pros and cons of a UI system in which the generosity of UI benefits is varying over the business cycle. Finally, we identify potential areas of future research.
Keywords: unemployment insurance, unemployment dynamics, job search, labor market
JEL Classification: J64, J65, J68
Suggested Citation: Suggested Citation
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