The Work Disincentive Effects of Unemployment Insurance PDF Download
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Author: Raymond Munts
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
Report on the work disincentive effects of unemployment benefit in the USA - analyses the increased unemployment effects and counter-business cycle effects on selected population groups, and includes theoretics and empirical studies. References and statistical tables.
Author: Raymond Munts
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
Report on the work disincentive effects of unemployment benefit in the USA - analyses the increased unemployment effects and counter-business cycle effects on selected population groups, and includes theoretics and empirical studies. References and statistical tables.
Author: Wayne Vroman
Publisher:
ISBN:
Category : Unemployed
Languages : en
Pages : 44
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Book Description
This report introduces and describes the Unemployment Insurance (UI) program that provides short-term income support payments to eligible persons whose unemployment is caused by circumstances beyond their control. This report summarizes and critically assesses the relevant UI research conducted since the mid-1970s. This review is selective, and reflects the author's judgment as to the most influential work in the field. The review draws conclusions about the strength of research findings. It also identifies areas where our understanding is too limited to draw strong conclusions. Finally, recommendations for further research are offered.
Author: Michael D. Klausner
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 39
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Book Description
Author: Johannes F. Schmieder
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
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Book Description
A large literature has documented that the unemployment duration of unemployed individuals increases with the generosity of the unemployment insurance (UI) system, which has been interpreted as the disincentive effect of UI benefits. However, unemployed workers typically also have caseworkers assigned who are monitoring and assisting the job search efforts. These caseworkers may respond to differences in UI eligibility by shifting resources (financial or time) between unemployed individuals in order to counteract the moral hazard effect of UI benefits or to focus resources to where they have the largest effect. Depending on the motivations of the caseworker, the effectiveness of caseworker resources and the complementarity between these resources and UI benefits, the typical estimates of the disincentive effects of UI may be biased upwards or downwards in studies that compare workers within the same UI agency.We estimate whether caseworkers respond to the generosity of UI eligibility using a sharp regression discontinuity (RD) design in Germany, where potential UI durations vary with age. We show that across a wide variety of measures, including training programs, wage subsidies, personal meetings and sanctions, UI caseworkers do not treat unemployed with different eligibility differently. At best we find a very small effect that workers with shorter eligibility close to the exhaustion point are more likely to be assigned to training programs that prolong their UI eligibility. The typical RD estimates of the UI disincentive effects thus seem to be valid estimates.
Author: Klaus-Peter Hellwig
Publisher: International Monetary Fund
ISBN: 1513572687
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 68
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Book Description
Author: Johannes F. Schmieder
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 48
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Book Description
The Great Recession has renewed interest in Unemployment Insurance (UI) programs around the world. At the same time, there have been important advances in both theory and measurement of UI. In this paper, we first use the theory to present a unified treatment of the welfare effects of UI benefit levels and durations and derive convenient expressions of the disincentive effect of UI. We then discuss recent estimates of the effect of UI benefit levels and durations on labor supply based, to a large extent, on high-quality research designs and administrative data. We relate these estimates directly to the sufficient statistics identified by the model. We also discuss several active and open areas of research on UI. These include the effect of UI on aggregate labor market outcomes, the effect of UI on job outcomes, the long-term effects of UI, the effects of UI under non-standard behavioral assumptions, and the interactions of UI with other programs. While our review of the new experimental estimates confirms the range of negative labor supply effects of the previous literature, we show based on the model that these estimates are imperfect proxies for the actual disincentive effects. We also isolate several important areas in need for additional research, including estimates of the social value of UI as well as the effects of UI in less-developed countries.
Author: Christopher Green
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Unemployment insurance is the federal government's largest single social program and its most controversial. This document asks: How do we make unemployment insurance work? Two papers, by Christopher Green and Fred Lazar, give very direct, if also very differenct, answers to that question. Two other papers, by Miles Corak and Dominique Gross, provide background analysis on what economic research has discovered about the workings of Canada's unemployment insurance program and how other countries handle unemployment insurance.
Author: Susan E. Chen
Publisher:
ISBN:
Category : Disability evaluation
Languages : en
Pages : 44
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Book Description
This paper evaluates the work disincentive effects of the Disability Insurance program during the 1990s. The authors construct a new large data set with detailed information on DI application and award decisions and use two different econometric evaluation methods. They apply a comparison group approach proposed by John Bound to estimate an upper bound for the work disincentive effect of the current DI program. Second, they adopt a Regression-Discontinuity approach that exploits a particular feature of the DI eligibility determination process to provide a credible point estimate of the impact of the DI program on labor supply for an important subset of DI applicants. Estimates indicate that during the 1990s the labor force participation rate of DI beneficiaries would have been at most 20 percentage points higher had none received benefits. In addition, the study finds even smaller labor supply responses for the subset of 'marginal' applicants whose disability determination is based on vocational factors.
Author: Irwin Garfinkel
Publisher:
ISBN:
Category : Unemployed
Languages : en
Pages : 48
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Book Description
