反周期失业福利：过渡动态的一般均衡分析

IF 0.9 3区经济学 Q3 BUSINESS, FINANCE

Mathematics and Financial Economics Pub Date : 2024-02-01 DOI:10.1007/s11579-023-00351-x

Erhan Bayraktar, Indrajit Mitra, Jingjie Zhang

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引用次数: 0

摘要

我们分析了反周期失业福利政策的一般均衡效应。我们的异质代理模型具有高成本求职、不完全失业风险保险和个人储蓄的特点。我们的模型预测：(1) 相对于非周期性政策，反周期政策下的额外失业率是总体冲击大小的超线性函数；(2) 当个人储蓄相对较低时，失业率对失业保险政策变化的敏感性更高。我们对失业保险政策变化影响的估计是基于失业率大幅、意外上升后的过渡动态。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Countercyclical unemployment benefits: a general equilibrium analysis of transition dynamics

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Countercyclical unemployment benefits: a general equilibrium analysis of transition dynamics

We analyze the general equilibrium effects of countercyclical unemployment benefit policies. Our heterogenous-agent model features costly job search with imperfect insurance of unemployment risk and individual savings. Our model predicts: (1) the additional unemployment under a countercyclical policy relative to that under an acyclical policy to be a superlinear function of the aggregate shock?s size, (2) a higher unemployment rate sensitivity to UI policy changes when individual savings are relatively low. Our estimates of the effects of UI policy changes are based on transition dynamics following a large, unanticipated increase in the unemployment rate.

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来源期刊

Mathematics and Financial Economics MATHEMATICS, INTERDISCIPLINARY APPLICATIONS -

CiteScore

2.80

自引率

6.20%

发文量

期刊介绍： The primary objective of the journal is to provide a forum for work in finance which expresses economic ideas using formal mathematical reasoning. The work should have real economic content and the mathematical reasoning should be new and correct.