Reexamining the consumption smoothing benefits of Unemployment Insurance
The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
East, Chloe N. [verfasserIn] |
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| Format: |
E-Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2015transfer abstract |
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| Umfang: |
19 |
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| Übergeordnetes Werk: |
Enthalten in: The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data - 2011, Amsterdam [u.a.] |
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| Übergeordnetes Werk: |
volume:132 ; year:2015 ; pages:32-50 ; extent:19 |
| Links: |
|---|
| DOI / URN: |
10.1016/j.jpubeco.2015.09.008 |
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ELV039570207 |
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| 520 | |a The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. | ||
| 520 | |a The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. | ||
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10.1016/j.jpubeco.2015.09.008 doi GBVA2015001000025.pica (DE-627)ELV039570207 (ELSEVIER)S0047-2727(15)00156-5 DE-627 ger DE-627 rakwb eng 300 330 300 DNB 330 DNB 330 VZ 540 610 VZ 15,3 ssgn PHARM DE-84 fid 35.70 bkl 44.40 bkl 44.33 bkl East, Chloe N. verfasserin aut Reexamining the consumption smoothing benefits of Unemployment Insurance 2015transfer abstract 19 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. Kuka, Elira oth Enthalten in Elsevier The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data 2011 Amsterdam [u.a.] (DE-627)ELV025960075 volume:132 year:2015 pages:32-50 extent:19 https://doi.org/10.1016/j.jpubeco.2015.09.008 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-PHARM SSG-OLC-PHA SSG-OPC-PHA GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 44.40 Pharmazie Pharmazeutika VZ 44.33 Physiologische Chemie VZ AR 132 2015 32-50 19 045F 300 |
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10.1016/j.jpubeco.2015.09.008 doi GBVA2015001000025.pica (DE-627)ELV039570207 (ELSEVIER)S0047-2727(15)00156-5 DE-627 ger DE-627 rakwb eng 300 330 300 DNB 330 DNB 330 VZ 540 610 VZ 15,3 ssgn PHARM DE-84 fid 35.70 bkl 44.40 bkl 44.33 bkl East, Chloe N. verfasserin aut Reexamining the consumption smoothing benefits of Unemployment Insurance 2015transfer abstract 19 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. Kuka, Elira oth Enthalten in Elsevier The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data 2011 Amsterdam [u.a.] (DE-627)ELV025960075 volume:132 year:2015 pages:32-50 extent:19 https://doi.org/10.1016/j.jpubeco.2015.09.008 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-PHARM SSG-OLC-PHA SSG-OPC-PHA GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 44.40 Pharmazie Pharmazeutika VZ 44.33 Physiologische Chemie VZ AR 132 2015 32-50 19 045F 300 |
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10.1016/j.jpubeco.2015.09.008 doi GBVA2015001000025.pica (DE-627)ELV039570207 (ELSEVIER)S0047-2727(15)00156-5 DE-627 ger DE-627 rakwb eng 300 330 300 DNB 330 DNB 330 VZ 540 610 VZ 15,3 ssgn PHARM DE-84 fid 35.70 bkl 44.40 bkl 44.33 bkl East, Chloe N. verfasserin aut Reexamining the consumption smoothing benefits of Unemployment Insurance 2015transfer abstract 19 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. Kuka, Elira oth Enthalten in Elsevier The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data 2011 Amsterdam [u.a.] (DE-627)ELV025960075 volume:132 year:2015 pages:32-50 extent:19 https://doi.org/10.1016/j.jpubeco.2015.09.008 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-PHARM SSG-OLC-PHA SSG-OPC-PHA GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 44.40 Pharmazie Pharmazeutika VZ 44.33 Physiologische Chemie VZ AR 132 2015 32-50 19 045F 300 |
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10.1016/j.jpubeco.2015.09.008 doi GBVA2015001000025.pica (DE-627)ELV039570207 (ELSEVIER)S0047-2727(15)00156-5 DE-627 ger DE-627 rakwb eng 300 330 300 DNB 330 DNB 330 VZ 540 610 VZ 15,3 ssgn PHARM DE-84 fid 35.70 bkl 44.40 bkl 44.33 bkl East, Chloe N. verfasserin aut Reexamining the consumption smoothing benefits of Unemployment Insurance 2015transfer abstract 19 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. Kuka, Elira oth Enthalten in Elsevier The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data 2011 Amsterdam [u.a.] (DE-627)ELV025960075 volume:132 year:2015 pages:32-50 extent:19 https://doi.org/10.1016/j.jpubeco.2015.09.008 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-PHARM SSG-OLC-PHA SSG-OPC-PHA GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 44.40 Pharmazie Pharmazeutika VZ 44.33 Physiologische Chemie VZ AR 132 2015 32-50 19 045F 300 |
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The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data |
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The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data |
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Reexamining the consumption smoothing benefits of Unemployment Insurance |
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Reexamining the consumption smoothing benefits of Unemployment Insurance |
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East, Chloe N. |
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The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data |
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The determinants of exit from institutions and the price elasticity of institutional care: Evidence from Japanese micro-level data |
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10.1016/j.jpubeco.2015.09.008 |
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reexamining the consumption smoothing benefits of unemployment insurance |
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Reexamining the consumption smoothing benefits of Unemployment Insurance |
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The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. |
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The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. |
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The Great Recession spurred renewed interest in the moral hazard effects of the Unemployment Insurance (UI) program, however little research has focused on determining its benefits. This paper examines the consumption smoothing benefit of the UI program over the last 40years, finding strong evidence of heterogeneity in this effect over time. In particular, the effects of UI are smaller in the 1990s compared with the 1970s. The 1990s were unique because of the long period of low unemployment rates as well as relatively low UI program generosity, thus we test whether the consumption smoothing effects vary by the state unemployment rate and average program generosity. We find suggestive evidence that the effects are larger when the state unemployment rate and average generosity are high. Together, these two dimensions can explain around 30–46% of the differential effect that we find in the 1990s. |
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Reexamining the consumption smoothing benefits of Unemployment Insurance |
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