Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence

By Kory Kroft, Matthew J. Notowidigdo. 2016

227 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/40a69a7f177c24a34f36a43eae3affcbae94df6e

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In Economics and Econometrics

In General Health Professions

Citations in the corpus

Job Search Behavior over the Business Cycle (2013, background): “For example, in the recent studies of optimal unemployment insurance over the business cycle, such as Kroft and Notowidigdo (2011) and Landais, Michaillat, and Saez (2011), moral hazard in worker’s search effort (and how it varies over the business cycle) is the central focus in determining the…”
The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation (2016, unknown): “market tightness to calibrate a macro elasticity, and finds that it is about 30% smaller than 20The idea that the ratio between micro and macro labor supply effects is informative about labor market spillovers is also developed in Kroft et al. (2015), who show that the ratio between macro and micro ”
Housing Booms and Busts, Labor Market Opportunities, and College Attendance (2018, unknown): “Future work should tackle this problem, perhaps by drawing inspiration from other work on social insurance policy over the business cycle (Kroft and Notowidigdo 2016; Kroft et al. 2016).”
Consumer Spending during Unemployment: Positive and Normative Implications (2019, unknown): “This pattern might be consistent with unobserved heterogeneity (Paserman 2008), duration dependence (Kroft et al. 2016), or reference dependence (DellaVigna et al.”
Unemployment Insurance and Job Search in the Great Recession (2011, background): “Rothstein’s paper contributes to a growing body of evidence that distortions to job search behavior caused by UI are much lower in recessions (see also Kroft and Notowidigdo 2011 and Schmieder, von Wachter, and Bender forthcoming).”
Potential Unemployment Insurance Duration and Labor Supply: The Individual and Market-Level Response to a Benefit Cut (2016, unknown): “This finding supports the assumptions of the Baily-Chetty model of optimal UI (Baily 1978; Chetty 2006) and other models of UI (Kroft and Notowidigdo 2015), which assume no spillovers.”
Duration Dependence and Labor Market Conditions: Evidence from a Field Experiment* (2013, background): “Kroft and Notowidigdo (2011) investigate how the moral hazard cost and consumption smoothing benefit of unemployment insurance varies with labor market conditions, and they use these results to calibrate and assess a standard job search model.”
Extended Unemployment Benefits and Early Retirement: Program Complementarity and Program Substitution (2016, background): “For this reason, many countries have set up early retirement schemes.”
Social Insurance: Connecting Theory to Data (2012, background): “Kroft and Notowidigdo (2011) present evidence that the moral hazard effects of changes in UI benefits are smaller in recessions, while the consumption-smoothing benefits are roughly constant, although their estimates are somewhat imprecise due to a lack of power.”