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Whether, when and how to extend unemployment benefits: Theory and application to COVID-19()
We investigate the optimal response of unemployment insurance to economic shocks, both with and without commitment. The optimal policy with commitment follows a modified Baily-Chetty formula that accounts for job search responses to future UI benefit changes. As a result, the optimal policy with com...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2021
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8677353/ https://www.ncbi.nlm.nih.gov/pubmed/34934254 http://dx.doi.org/10.1016/j.jpubeco.2021.104447 |