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| Title | Evaluating Welfare Effect of Extended Unemployment Insurance Benefits |
| Creator | 黃柏鈞 Huang, Po-Chun Yang, Tzu-Ting |
| Contributor | 經濟系 |
| Date | 2020-05 |
| Date Issued | 1-Jun-2021 16:21:57 (UTC+8) |
| Summary | 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. |
| Relation | Learning from Taiwan Workshop, Seoul National University, Seoul National University |
| Type | conference |
| dc.contributor | 經濟系 | |
| dc.creator (作者) | 黃柏鈞 | |
| dc.creator (作者) | Huang, Po-Chun | |
| dc.creator (作者) | Yang, Tzu-Ting | |
| dc.date (日期) | 2020-05 | |
| dc.date.accessioned | 1-Jun-2021 16:21:57 (UTC+8) | - |
| dc.date.available | 1-Jun-2021 16:21:57 (UTC+8) | - |
| dc.date.issued (上傳時間) | 1-Jun-2021 16:21:57 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/135395 | - |
| dc.description.abstract (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. | |
| dc.format.extent | 1565698 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Learning from Taiwan Workshop, Seoul National University, Seoul National University | |
| dc.title (題名) | Evaluating Welfare Effect of Extended Unemployment Insurance Benefits | |
| dc.type (資料類型) | conference | |
| dc.identifier.doi (DOI) | https://dx.doi.org/10.2139/ssrn.3660418 |