The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation

@article{Schmieder2016TheEO,
  title={The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation},
  author={Johannes F. Schmieder and Till M von Wachter},
  journal={Political Economy: Government Expenditures \& Related Policies eJournal},
  year={2016}
}
The Great Recession has renewed interest in unemployment insurance (UI) programs around the world. At the same time, there have been important advances in both theory and measurement of UI. In this review, we first use the theory to present a unified treatment of the welfare effects of UI benefit levels and durations and derive convenient expressions of the full disincentive effect of UI. We then discuss recent estimates of the effect of UI benefit levels and durations on labor supply based on… Expand
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