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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | The Safety Net as a Springboard? A General Equilibrium Based Policy Evaluation |
Organization Unit | |
Authors |
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Language |
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Institution | Centre for Economic Policy Research |
Series Name | CEPR Discussion Papers |
Number | 14786 |
ISSN | 0265-8003 |
Number of Pages | 69 |
Date | 2020 |
Abstract Text | We develop a search-and-matching model where the magnitude of unemployment insurance benefits affects the likelihood that unemployed actually engage in active job search. To quan- titively discipline this relation we use administrative data of unemployed search audits. We use the model to quantify the effects of unemployment reforms. For small benefits' increases, the policymaker faces a trade-off between an uptick in the measure of unemployed actually searching and a fall in the unemployment exit-rate conditional on searching. For larger bene- fits' increases, an active search margin magnifies the benefits' disincentives, leading to a bigger drop in the employment rate than previously thought. |
Free access at | Official URL |
Official URL | https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3612855 |
Other Identification Number | merlin-id:19859 |
PDF File | Download from ZORA |
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Keywords | unemployment insurance, search behavior, costly search, liquidity effect. |