G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w19499
来源IDWorking Paper 19499
Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects
Marcus Hagedorn; Fatih Karahan; Iourii Manovskii; Kurt Mitman
发表日期2013-10-16
出版年2013
语种英语
摘要Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job search decisions by the unemployed and job creation decisions by employers. The existing empirical literature focused on the former effect only. We develop a new methodology necessary to incorporate the measurement of the latter effect. Implementing this methodology in the data, we find that benefit extensions raise equilibrium wages and lead to a sharp contraction in vacancy creation, employment, and a rise in unemployment.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w19499
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/577203
推荐引用方式
GB/T 7714
Marcus Hagedorn,Fatih Karahan,Iourii Manovskii,et al. Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects. 2013.
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