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Full-Text Articles in Social and Behavioral Sciences
Optimal Unemployment Insurance, Carl Davidson, Stephen A. Woodbury
Optimal Unemployment Insurance, Carl Davidson, Stephen A. Woodbury
Upjohn Institute Working Papers
We investigate the design of an optimal Unemployment Insurance program using an equilibrium search and matching model calibrated using data from the reemployment bonus experiments and secondary sources. We examine (a) the optimal potential duration of UI benefits, (b) the optimal UI replacement rate when the potential duration of benefits is optimal, and (c) the optimal UI replacement rate when the potential duration of benefits is sub-optimal. There are three main conclusions. First, insurance considerations suggest that the potential duration of UI benefits would be unlimited under an optimal program. Hence, existing UI programs in the U.S. provide benefits for …
Unemployment Insurance In The United States, Benefits, Financing, And Coverage: A Report To The President And Congress, U.S. Advisory Council On Unemployment Compensation
Unemployment Insurance In The United States, Benefits, Financing, And Coverage: A Report To The President And Congress, U.S. Advisory Council On Unemployment Compensation
External Papers and Reports
No abstract provided.