We study the optimal provision of unemployment insurance (UI) in a framework that distinguishes between consumption and expenditure. We derive a "sufficient statistics" formula for optimal UI that is expressed terms of observable variables and can therefore be used in applied work. Recent research has shown that unemployed households pay less per unit of consumption than employed households. This finding has two counteracting effects on the optimal level of UI. On the one hand, consumption smoothing benefits identified from expenditure data overestimate the true marginal benefits of UI. On the other hand, UI benefits become more valuable because they buy more consumption when unemployed. In an optimal design, which effect dominates depends ...
A series of empirical studies has documented that job search behavior depends on the financial situa...
This paper analyzes optimal unemployment insurance over the business cycle in a search model in whic...
We study the optimal design of unemployment insurance for workers sampling job opportunities over ti...
We study the optimal provision of unemployment insurance (UI) in a framework that distinguishes betw...
Studies of the consumption-smoothing benefits of unemployment insurance (UI) have found that the opt...
This article analyzes the behavioral effects of unemployment benefits (UB) and it characterizes thei...
Studies of the consumption-smoothing benefits of unemployment insurance (UI) have found that the opt...
Due to the absence of unemployment insurance (UI) choices, the traditional approach to estimating th...
This paper introduces the possibility of a deterioration in job opportunities during unemployment in...
Unemployment insurance programs balance the benefits of consumption smoothing for unemployed workers...
We investigate the design of an optimal Unemployment Insurance program using an equilibrium search a...
When it is costly for individuals to save or to borrow, unemployment insurance (UI) provides an alte...
This paper examines how optimal unemployment insurance (UI) responds to the state of the labor marke...
I develop an equilibrium matching model in which workers have preferences over con-sumption and hour...
A common finding of the optimal unemployment insurance literature is that the optimal UI replacement...
A series of empirical studies has documented that job search behavior depends on the financial situa...
This paper analyzes optimal unemployment insurance over the business cycle in a search model in whic...
We study the optimal design of unemployment insurance for workers sampling job opportunities over ti...
We study the optimal provision of unemployment insurance (UI) in a framework that distinguishes betw...
Studies of the consumption-smoothing benefits of unemployment insurance (UI) have found that the opt...
This article analyzes the behavioral effects of unemployment benefits (UB) and it characterizes thei...
Studies of the consumption-smoothing benefits of unemployment insurance (UI) have found that the opt...
Due to the absence of unemployment insurance (UI) choices, the traditional approach to estimating th...
This paper introduces the possibility of a deterioration in job opportunities during unemployment in...
Unemployment insurance programs balance the benefits of consumption smoothing for unemployed workers...
We investigate the design of an optimal Unemployment Insurance program using an equilibrium search a...
When it is costly for individuals to save or to borrow, unemployment insurance (UI) provides an alte...
This paper examines how optimal unemployment insurance (UI) responds to the state of the labor marke...
I develop an equilibrium matching model in which workers have preferences over con-sumption and hour...
A common finding of the optimal unemployment insurance literature is that the optimal UI replacement...
A series of empirical studies has documented that job search behavior depends on the financial situa...
This paper analyzes optimal unemployment insurance over the business cycle in a search model in whic...
We study the optimal design of unemployment insurance for workers sampling job opportunities over ti...