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Potential Unemployment Insurance Duration and Labor Supply: The Individual and Market-Level Response to a Benefit Cut / Andrew C. Johnston, Alexandre Mas.
- Format:
- Book
- Author/Creator:
- Johnston, Andrew C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22411.
- NBER working paper series no. w22411
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Potential Unemployment Insurance Duration and Labor Supply
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of UI recipients and the aggregate labor market. Using a regression discontinuity design (RDD), we estimate a marginal effect of maximum duration on UI and nonemployment spells of approximately 0.5 and 0.3 respectively. We use RDD estimates to simulate the unemployment rate assuming no market-level externalities. The simulated response closely approximates the estimated change in the unemployment rate following the benefit cut, suggesting that even in a period of high unemployment the labor market absorbed this influx of workers without crowding-out other jobseekers.
- Notes:
- Print version record
- July 2016.
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