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- W2923885783 abstract "Abstract During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board CareerBuilder.com , I find that a 10% increase in benefit duration decreased state-level job applications by 1%, but had no robust effect on job vacancies. Job seekers thus faced reduced competition for jobs, a general equilibrium effect. Calibration implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 39%." @default.
- W2923885783 created "2019-04-01" @default.
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- W2923885783 date "2019-03-01" @default.
- W2923885783 modified "2023-09-26" @default.
- W2923885783 title "Reprint of: The general equilibrium impacts of unemployment insurance: Evidence from a large online job board" @default.
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- W2923885783 doi "https://doi.org/10.1016/j.jpubeco.2019.03.004" @default.
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