Arbeitspapier
Unemployment benefits and unemployment in the great recession: The role of macro effects
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature that mainly focused on estimating the effects of benefit duration on job search and acceptance strategies of the unemployed - the micro effect - we focus on measuring the general equilibrium macro effect that operates primarily through the response of job creation to unemployment benefit extensions. We find that it is the latter effect that is very important quantitatively.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 646
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Labor Turnover; Vacancies; Layoffs
Unemployment: Models, Duration, Incidence, and Job Search
Unemployment Insurance; Severance Pay; Plant Closings
- Thema
-
unemployment insurance
unemployment
employment
vacancies
wages
search
matching
Arbeitslosenversicherung
Arbeitslosigkeit
Beschäftigungseffekt
Konjunktur
Wirtschaftskrise
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hagedorn, Marcus
Karahan, Fatih
Manovskii, Iourii
Mitman, Kurt
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hagedorn, Marcus
- Karahan, Fatih
- Manovskii, Iourii
- Mitman, Kurt
- Federal Reserve Bank of New York
Entstanden
- 2013
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