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https://ah.lib.nccu.edu.tw/handle/140.119/135395
題名: | Evaluating Welfare Effect of Extended Unemployment Insurance Benefits | 作者: | 黃柏鈞 Huang, Po-Chun Yang, Tzu-Ting |
貢獻者: | 經濟系 | 日期: | 五月-2020 | 上傳時間: | 1-六月-2021 | 摘要: | This paper estimates the welfare gain (i.e. ratio of liquidity to moral hazard effect) of extending UI benefits, using two natural experiments in Taiwan: a three-month benefits extension for middle-aged job losers and the introduction of a re-employment bonus. Our strategy exploits the fact that a re-employment bonus affects an individual`s search efforts only through the moral hazard effect. Therefore, we recover liquidity effects by estimating the responses of the search effort to a UI extension and a re-employment bonus. We find that the estimated liquidity-to-moral hazard ratio of extending UI benefits is around 3.9, suggesting that the welfare gain of extending potential benefit duration is substantially larger than that of increasing benefit level. | 關聯: | Learning from Taiwan Workshop, Seoul National University, Seoul National University | 資料類型: | conference |
Appears in Collections: | 會議論文 |
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