We study how the marginal welfare gain from increasing the unemployment insurance (UI)
benefit level varies over the business cycle. We do this by estimating how the moral hazard …

This paper argues that unemployment insurance increases labor productivity by
encouraging workers to seek higher productivity jobs, and by encouraging firms to create …

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 …

One goal of extending the duration of unemployment insurance (UI) in recessions is to
increase UI coverage in the face of longer unemployment spells. Although it is a common …

Previous research on unemployment insurance (UI) has focused on the costs of the
program, in terms of the distorting effects of generous UI benefits on worker and firm …

This paper provides a simple, yet robust framework to evaluate the time profile of benefits
paid during an unemployment spell. We derive sufficient-statistics formulae capturing the …

The majority of papers analyzing the employment effects of unemployment insurance (UI)
benefit durations focus on the duration of the first unemployment spell. In this paper, we …

The primary purpose of unemployment insurance (UI) is no doubt to insure individuals
against loss of wage income. However, UI is commonly believed to adversely affect job …

With the emergence of the Great Recession unemployment insurance (UI) is once again at
the heart of the policy debate. In this paper, we review the recent theoretical and empirical …

Ever since the US federal–state system of unemployment insurance was founded in the
1930s, it has provided partial, temporary replacement of wages to eligible workers who lose …