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Individual and Market-level Effects of UI Policies

其他書名	Evidence from Missouri
出版	Centre for Economic Policy Research, 2019
URL	http://books.google.com.hk/books?id=8aVAzQEACAAJ&hl=&source=gbs_api

註釋We develop a method to jointly measure the response of worker search effort (individual effect) and vacancy creation (market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we exploit an unexpected cut in UI durations in Missouri and provide quasi-experimental evidence on the effect of UI on the labor market. The data indicate that the cut in Missouri significantly increased job finding rates by both raising the search effort of unemployed workers and the availability of jobs. The latter accounts for at least a third and up to 100 percent of the total effect.