| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29505 |
| 来源ID | Working Paper 29505 |
| Unemployment Insurance in Macroeconomic Stabilization | |
| Rohan Kekre | |
| 发表日期 | 2021-11-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal propensity to consume (MPC) than the employed or if agents precautionary save in light of future income risk. This raises output and employment unless monetary policy raises the nominal interest rate. In an analysis of the U.S. economy over 2008-2014, UI benefit extensions had a contemporaneous output multiplier around 1. The unemployment rate would have been as much as 0.4pp higher absent these extensions. |
| 主题 | Microeconomics ; General Equilibrium ; Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w29505 |
| 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/587179 |
| 推荐引用方式 GB/T 7714 | Rohan Kekre. Unemployment Insurance in Macroeconomic Stabilization. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29505.pdf（759KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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