A Fast Literature Search Engine based on top-quality journals, by Dr. Mingze Gao.
- Topic classification is ongoing.
- Please kindly let me know [mingze.gao@mq.edu.au] in case of any errors.
Your search
Publication year
Market Externalities of Large Unemployment Insurance Extension Programs
Resource type
Authors/contributors
- Lalive, Rafael (Author)
- Landais, Camille (Author)
- Zweimüller, Josef (Author)
Title
Market Externalities of Large Unemployment Insurance Extension Programs
Abstract
We provide evidence that unemployment insurance affects equilibrium conditions in the labor market, which creates significant "market externalities." We provide a framework for identification of such equilibrium effects and implement it using the Regional Extension Benefit Program (REBP) in Austria which extended the duration of UI benefits for a large group of eligible workers in selected regions of Austria. We show that non-eligible workers in REBP regions have higher job finding rates, lower unemployment durations, and a lower risk of long-term unemployment. We discuss the implications of our results for optimal UI policy. (JEL E24, J64, J65, R23)
Publication
American Economic Review
Volume
105
Issue
12
Pages
3564-96
Date
2015-12
Citation
Lalive, R., Landais, C., & Zweimüller, J. (2015). Market Externalities of Large Unemployment Insurance Extension Programs. American Economic Review, 105, 3564–3596.
Journals
Link to this record