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- Title
WHAT HAVE WE LEARNED FROM EMPIRICAL STUDIES OF UNEMPLOYMENT INSURANCE?
- Authors
Welch, Finis
- Abstract
The article discusses the effects of unemployment insurance (UI) on the duration of unemployment and on wages or earnings in subsequent employment. For an individual, UI reduces costs of unemployment and raises job search costs relative to costs of pure leisure during unemployment. For employees who are fired, laid off with little chance of recall, and those who quit in states that extend benefits to quitters, UI extends unemployment duration, enhances post-unemployment acceptance wages and reduces the productivity of time unemployed by reducing search intensity. From the labor supply perspective, the relation between weekly benefits and post-wages is always positive, but this effect should be greatest when returns to job search are high.
- Subjects
EFFECT of unemployment insurance on unemployment; UNEMPLOYMENT insurance; WAGES; INCOME; EMPLOYMENT; JOB hunting; DISMISSAL of employees; LABOR productivity; LABOR supply
- Publication
ILR Review, 1977, Vol 30, Issue 4, p451
- ISSN
0019-7939
- Publication type
Article
- DOI
10.1177/001979397703000402