Market Externalities of Large Unemployment Insurance Extension Programs
Détails
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Accès restreint UNIL
Etat: Public
Version: Final published version
Accès restreint UNIL
Etat: Public
Version: Final published version
ID Serval
serval:BIB_2D44CA3E64F1
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Market Externalities of Large Unemployment Insurance Extension Programs
Périodique
American Economic Review
ISSN
0002-8282
Statut éditorial
Publié
Date de publication
2015
Peer-reviewed
Oui
Volume
105
Numéro
12
Pages
3564-96
Langue
anglais
Notes
2143
Résumé
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.
Mots-clé
BENEFIT DURATION, QUASI-EXPERIMENT, AUSTRIA
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Création de la notice
18/08/2016 15:23
Dernière modification de la notice
20/08/2019 14:12