scholarly journals Market Externalities of Large Unemployment Insurance Extension Programs

2015 ◽  
Vol 105 (12) ◽  
pp. 3564-3596 ◽  
Author(s):  
Rafael Lalive ◽  
Camille Landais ◽  
Josef Zweimüller
Keyword(s):  
Labor Market ◽  
Unemployment Insurance ◽  
Lower Risk ◽  
Extension Programs ◽  
Equilibrium Conditions ◽  
Large Group ◽  
Job Finding

We provide evidence that unemployment insurance affects equilibrium conditions in the labor market, which creates significant “market externalities.” We provide a framework for identification of such equilibrium effects and implement it using the Regional Extension Benefit Program (REBP) in Austria which extended the duration of UI benefits for a large group of eligible workers in selected regions of Austria. We show that non-eligible workers in REBP regions have higher job finding rates, lower unemployment durations, and a lower risk of long-term unemployment. We discuss the implications of our results for optimal UI policy. (JEL E24, J64, J65, R23)

scholarly journals UI Generosity and Job Acceptance: Effects of the 2020 CARES Act

2021 ◽  
pp. 1.000-34.000
Author(s):  
Nicolas Petrosky-Nadeau ◽  
◽  
Robert G. Valletta
Keyword(s):  
Labor Market ◽  
Unemployment Insurance ◽  
Decision Problem ◽  
Annual Earning ◽  
Wide Range ◽  
Job Offers ◽  
Simple Statistic ◽  
Job Finding ◽  
The U.S ◽  
Job Acceptance

To provide relief to the U.S. labor market following the onset of the COVID-19 pandemic, the CARES Act granted an extra $600 per week in UI benefit payments from late March through July 2020. This unprecedented increase in UI generosity raised concern that UI recipients would be largely unwilling to accept job offers, slowing the labor market recovery. Job acceptance decisions weigh the value of a job against remaining unemployed. A reservation level of benefit payments exists in this dynamic decision problem at which an individual is indifferent between accepting and refusing an offer. This reservation benefit is a simple statistic summarizing the decision problem conditional on the perceived state of the labor market and the weeks of Unemployment Insurance (UI) compensation remaining. Estimating the reservation benefit for a wide range of US workers suggests few would turn down an offer to return to work at the previous wage under the CARES Act expanded UI payments. Direct empirical analysis of labor force transitions using matched Current Population Survey (CPS) data, linked to annual earning records from the CPS income supplement to form UI replacement rates, shows moderate disincentive effects of $600 supplemental payments on job finding rates; this empirical framework also suggests small effects of the $300 weekly UI supplement available during 2021.

scholarly journals Unemployment after the Recession: A New Natural Rate?

2010 ◽  
pp. 1-6 ◽  
Author(s):  
Murat Tasci ◽  
Saeed Zaman
Keyword(s):  
Labor Market ◽  
Unemployment Rate ◽  
Accurate Assessment ◽  
Natural Rate ◽  
The Past ◽  
Natural Rate Of Unemployment ◽  
Current State ◽  
Job Separation ◽  
Job Finding

The past recession has hit the labor market especially hard, and economists are wondering whether some fundamentals of the market have changed because of that blow. Many are suggesting that the natural rate of long-term unemployment— the level of unemployment an economy can’t go below—-has shifted permanently higher. We use a new measure that is based on the rates at which workers are finding and losing jobs and which provides a more accurate assessment of the natural rate. We find that the natural rate of unemployment has indeed shifted higher—but much less so than has been suggested. Surprising trends in both the job-finding and job-separation rates explain much about the current state of the unemployment rate.

Paradoxes of reservation wage setting in the Russian labor market. Part I

2016 ◽  
pp. 5-27
Author(s):  
R. Kapeliushnikov ◽  
A. Lukyanova
Keyword(s):  
Labor Market ◽  
Empirical Studies ◽  
Reservation Wage ◽  
Wage Setting ◽  
Reservation Wages ◽  
Monitoring Survey ◽  
Main Determinants ◽  
Subjective Estimates ◽  
Objective Indicators

Using panel data from the Russian Longitudinal Monitoring Survey for 2006-2014, the paper investigates reservation wages setting in the Russian labor market. The sample includes non-employed individuals wishing to get a job (both searchers and non-searchers). The first part of the paper provides a survey of previous empirical studies, describes data and analyzes subjective estimates of reservation wages in comparison with various objective indicators of actual wages. The analysis shows that wage aspirations of the majority of Russian non-employed individuals are overstated. However their wage expectations are rather flexible and decrease rapidly as the search continues that prevents high long-term unemployment. The second part of the paper provides an econometric analysis of main determinants of reservation wage and its impact on probability of re-employment and wages on searchers’ new jobs.

DIGITALIZATION OF LABOR MIGRATION PROCESSES IN UZBEKISTAN. WORLD EXPERIENCE

2020 ◽  
Vol 4 (3) ◽  
pp. 29-39
Author(s):  
Sulkhiya Gazieva ◽  
Keyword(s):  
Labor Market ◽  
Technological Change ◽  
Labor Migration ◽  
Smart Phone ◽  
Logic Circuits ◽  
Digital Logic ◽  
The Internet ◽  
The Future

The future of labor market depends upon several factors, long-term innovation and the demographic developments. However, one of the main drivers of technological change in the future is digitalization and central to this development is the production and use of digital logic circuits and its derived technologies, including the computer,the smart phone and the Internet. Especially, smart automation will perhaps not cause e.g.regarding industries, occupations, skills, tasks and duties

Percepción de la Población Pobre de Santiago sobre el Mercado Laboral en Chile al año 2011 y evolución desde el año 2003

Oikos ◽  
2015 ◽  
Vol 15 (31) ◽  
pp. 153
Author(s):  
Marcelo Yáñez Pérez
Keyword(s):  
Social Capital ◽  
Labor Market ◽  
Equal Opportunities ◽  
Capital Social ◽  
Union Power ◽  
Family Labor ◽  
The Poor ◽  
State Unemployment ◽  
Poor Population

RESUMENEl artículo muestra los principales resultados de la investigación Percepción de la Población Pobre de Santiago sobre el Mercado Laboral en Chile, realizada durante 9 años consecutivos desde 2003, por la Escuela de Administración y Economía de la Universidad Católica Silva Henríquez. El estudio incluye antecedentes sobre las concepciones de empleo y desempleo de este grupo de la población, así como la identificación de quienes –a su juicio– serían los responsables de que las personas pobres obtengan un trabajo y la calificación que le asignan a su gestión. También contempla sus percepciones en torno al apoyo del Estado, nivel de desempleo, influencia del capital social, respeto por los trabajadores, igualdad de oportunidades, poder de los sindicatos, entre otros aspectos, además del nivel de desempleo familiar y tipo de problemas laborales que han enfrentado.Palabras clave: mercado laboral, pobreza, percepciones, equidad.Este estudio ha sido realizado en el contexto de la investigación “Percepción de la población pobre de Santiago sobre las condiciones de acceso, equidad y satisfacción en la obtención de bienes básicos y públicos – año 2011: visión evolutiva desde el año 2003”, que es parte del Programa de Investigación de la Escuela de Administración y Economía de la UCSH. Esta investigación ha sido financiada desde sus inicios y en su totalidad con fondos propios de esta Universidad.Perception of the Poor Population from Santiago of The Labor Market in Chile in the year 2011 and evolution from 2003ABSTRACTThe paper shows the main results of a long-term investigation on the perceptions of the poor of Santiago of the labor market in Chile, which began in 2003 and was carried out by the School of Management and Economics at the Universidad Católica Silva Henríquez. The study includes background on the concepts of employment and unemployment in this group of the population, and the identification of those who, in his opinion, would be responsible for the poor to get a job and the rating assigned to their management. It also includes their perceptions of the support of the state, unemployment, social capital influence, respect for workers, equal opportunities, union power, among other things, besides the level of unemployment and type of family labor problems they have faced.Keywords: labor market, poverty, perceptions, equity.

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