Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity

IF 6.3 1区 经济学 Q1 ECONOMICS
S. Birinci, K. See
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引用次数: 11

Abstract

We document considerable scope of heterogeneity within the unemployed, especially when they are divided along eligibility for and receipt of unemployment insurance (UI). We study the implications of this heterogeneity on UI’s insurance-incentive trade-off using a heterogeneous-agent job search model capable of matching the wealth and income differences that distinguish UI recipients from nonrecipients. Insurance benefits are larger for UI recipients who are predominantly wealth poor. Meanwhile, incentive costs are nonmonotonic in wealth because the poorest individuals, who value employment, exhibit weak responses. Differential elasticities imply that accounting for the composition of recipients is material to the evaluation of UI’s insurance-incentive trade-off. (JEL D91, E24, E32, J64, J65)
劳动力市场对失业保险的反应:异质性的作用
我们在失业者中记录了相当大的异质性范围,特别是当他们根据失业保险(UI)的资格和收据进行划分时。我们使用一个异质性代理求职模型来研究这种异质性对UI保险激励权衡的影响,该模型能够匹配区分UI接受者和非接受者的财富和收入差异。对于那些主要是穷人的失业保险受益人来说,保险福利更大。与此同时,激励成本在财富中是非单调的,因为最贫穷的个人,他们重视就业,表现出较弱的反应。差异弹性意味着,对受助者组成的核算对于评估保险激励权衡至关重要。(jl d91, e24, e32, j64, j65)
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来源期刊
CiteScore
8.20
自引率
1.70%
发文量
58
期刊介绍: American Economic Journal: Macroeconomics focuses on studies of aggregate fluctuations and growth, and the role of policy in that context. Such studies often borrow from and interact with research in other fields, such as monetary theory, industrial organization, finance, labor economics, political economy, public finance, international economics, and development economics. To the extent that they make a contribution to macroeconomics, papers in these fields are also welcome.
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