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UID:3590d2082a5ab122a7c82f8d4b415208
CATEGORIES:Seminars
CREATED:20161213T190239
SUMMARY:Kurt Mittman - Institute for International Economic Studies at Stockholm University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Labor Market Implications of Unemployment Benefit Extensions\nAbstract:\nWe
  measure the effect of unemployment benefit duration on employment. We expl
 oit the variation induced by the decision of Congress in December 2013 not 
 to reauthorize the unprecedented benefit extensions introduced during the G
 reat Recession. Federal benefit extensions that ranged from 0 to 47 weeks a
 cross U.S. states at the beginning of December 2013 were abruptly cut to ze
 ro. To achieve identification we use the fact that this policy change was e
 xogenous to cross-sectional differences across U.S. states and we exploit a
  policy discontinuity at state borders. Next, we show that countercyclical 
 unemployment benefit extensions can lead to jobless recoveries. We augment 
 the standard Mortensen-Pissarides model to incorporate unemployment benefit
  expiration and state-dependent extensions of unemployment benefits. We sho
 w that it is quantitatively consistent with observed labor market dynamics,
  in particular the emergence of jobless recoveries after 1990. Furthermore,
  counterfactual experiments indicate that unemployment benefits are quantit
 atively important in explaining jobless recoveries.\n
DTSTAMP:20260404T155942Z
DTSTART:20151005T173000Z
DTEND:20151005T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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