Idioma:

Market Externalities of Large Unemployment Insurance Extension Programs

Lalive, Rafael ; Landais, Camille ; Zweimüller, Josef

The American economic review, 2015-12, Vol.105 (12), p.3564-3596 [Periódico revisado por pares]

Texto completo disponível

Citações Citado por

Título:
Market Externalities of Large Unemployment Insurance Extension Programs
Autor: Lalive, Rafael ; Landais, Camille ; Zweimüller, Josef
Assuntos: County employees ; Economic externalities ; Employment ; Geographic regions ; Job hunting ; Labor markets ; Steels ; Unemployment ; Unemployment insurance ; Wages
É parte de: The American economic review, 2015-12, Vol.105 (12), p.3564-3596
Descrição: We provide evidence that unemployment insurance affects equilibrium conditions in the labor market, which creates significant "market externalities." We provide a framework for identification of such equilibrium effects and implement it using the Regional Extension Benefit Program (REBP) in Austria which extended the duration of UI benefits for a large group of eligible workers in selected regions of Austria. We show that non-eligible workers in REBP regions have higher job finding rates, lower unemployment durations, and a lower risk of long-term unemployment. We discuss the implications of our results for optimal UI policy.
Editor: American Economic Association
Idioma: Inglês

Voltar para lista de resultados