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- W4313353904 abstract "This chapter uses microdata to evaluate the impact on the steady-state unemployment rate of an increase in maximum benefit duration. We draw on policy changes in Austria that extended maximum benefit duration from 30 to 52 weeks for individuals above age 50 and from 30 to 39 weeks for individuals between ages 40 and 49. We use these changes to estimate the causal impact of benefit duration on labor market flows and find that (i) the policy changes lead to an increase in the steady-state unemployment rate between 26% and 56%; (ii) surprisingly, most of the increase is due to an effect on the increase in the inflow into unemployment, whereas the effect on the decrease in the outflow from unemployment is modest; (iii) the effects are stronger for women than for men, but are otherwise rather robust across population subgroups." @default.
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- W4313353904 date "2022-01-01" @default.
- W4313353904 modified "2023-10-16" @default.
- W4313353904 title "Equilibrium Unemployment and the Duration of Unemployment Benefits" @default.
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- W4313353904 doi "https://doi.org/10.1007/978-3-030-89265-4_24" @default.
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