Add to ORKGWe investigate the role of government commitment to future policies in shaping unemployment insurance (UI) policy in a stochastic general equilibrium model of labor search and matching. Compared with the optimal(Ramsey)policy of a government with commitment, the policy under no commitment characterized by a Markov-perfect equilibrium has higher benefits and leads to higher unemployment rates in the steady state. We also find starkly different policy responses to a productivity shock or changes in unemployment. The differences arise because the Ramsey government can use an ex-ante committed policy to stimulate job search
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper examines the optimal time-consistent unemployment insurance policy in a search economy wi...
We investigate the role of government commitment to future policies in shaping unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
We study the optimal provision of unemployment insurance (UI) over the business cycle. We consider a...
This paper analyzes optimal unemployment insurance over the business cycle in a search model in whic...
The consequences of business cycle contingencies in unemployment insurance systems are considered in...
This paper examines how optimal unemployment insurance (UI) responds to the state of the labor marke...
This paper examines the optimal time-consistent unemployment insurance policy in a search economy wi...
Using variations in UI policies over time and across U.S. states, this paper provides evidence that ...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper examines the optimal time-consistent unemployment insurance policy in a search economy wi...
We investigate the role of government commitment to future policies in shaping unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
During recessions, the U.S. government substantially increases the duration of unemployment insuranc...
We study the optimal provision of unemployment insurance (UI) over the business cycle. We consider a...
This paper analyzes optimal unemployment insurance over the business cycle in a search model in whic...
The consequences of business cycle contingencies in unemployment insurance systems are considered in...
This paper examines how optimal unemployment insurance (UI) responds to the state of the labor marke...
This paper examines the optimal time-consistent unemployment insurance policy in a search economy wi...
Using variations in UI policies over time and across U.S. states, this paper provides evidence that ...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper quantifies the effects of the increasing maximum unemployment insurance (UI) duration dur...
This paper examines the optimal time-consistent unemployment insurance policy in a search economy wi...