Market Externalities of Large Unemployment Insurance Extension Programs

被引:71
作者
Lalive, Rafael [1 ,2 ,3 ,7 ]
Landais, Camille [4 ]
Zweimuller, Josef [5 ,6 ]
机构
[1] Univ Lausanne, Dept Econ, CH-1015 Lausanne, Switzerland
[2] IfW, IZA, IFAU, CEPR,CESifo, Louvain, Belgium
[3] Univ Zurich, CH-8006 Zurich, Switzerland
[4] London Sch Econ, Dept Econ, London WC2A 2AE, England
[5] Univ Zurich, Dept Econ, CH-8001 Zurich, Switzerland
[6] CESifo, CEPR, Louvain, Belgium
[7] IZA, Bonn, Germany
关键词
BENEFIT DURATION; QUASI-EXPERIMENT; AUSTRIA;
D O I
10.1257/aer.20131273
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:3564 / 3596
页数:33
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