000			02962cam a22003617 4500
001			w17534
003			NBER
005			20211020110737.0
006			m o d
007			cr cnu||||||||
008			210910s2011 mau fo 000 0 eng d
100	1		_aRothstein, Jesse. _919808
245	1	0	_aUnemployment Insurance and Job Search in the Great Recession / _cJesse Rothstein.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2011.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w17534
500			_aOctober 2011.
520	3		_aNearly two years after the official end of the "Great Recession," the labor market remains historically weak. One candidate explanation is supply-side effects driven by dramatic expansions of Unemployment Insurance (UI) benefit durations, to as many as 99 weeks. This paper investigates the effect of these UI extensions on job search and reemployment. I use the longitudinal structure of the Current Population Survey to construct unemployment exit hazards that vary across states, over time, and between individuals with differing unemployment durations. I then use these hazards to explore a variety of comparisons intended to distinguish the effects of UI extensions from other determinants of employment outcomes.
520	3		_aThe various specifications yield quite similar results. UI extensions had significant but small negative effects on the probability that the eligible unemployed would exit unemployment, concentrated among the long-term unemployed. The estimates imply that UI benefit extensions raised the unemployment rate in early 2011 by only about 0.1-0.5 percentage points, much less than is implied by previous analyses, with at least half of this effect attributable to reduced labor force exit among the unemployed rather than to the changes in reemployment rates that are of greater policy concern.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aH53 - Government Expenditures and Welfare Programs _2Journal of Economic Literature class.
690		7	_aI38 - Government Policy • Provision and Effects of Welfare Programs _2Journal of Economic Literature class.
690		7	_aJ64 - Unemployment: Models, Duration, Incidence, and Job Search _2Journal of Economic Literature class.
690		7	_aJ65 - Unemployment Insurance • Severance Pay • Plant Closings _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w17534.
856	4	0	_uhttps://www.nber.org/papers/w17534
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w17534
942			_2ddc _cW-PAPER
999			_c330589 _d289151