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Cost-Effectiveness of Targeted Reemployment Bonuses

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Author Info
Christopher J. O’Leary
Paul T. Decke
Stephen A. Wandner
Abstract

Targeting reemployment bonus offers to unemployment insurance (UI) claimants identified as most likely to exhaust benefits is estimated to reduce benefit payments. We show that targeting bonus offers with profiling models similar to those in state Worker Profiling and Reemployment Services systems can improve cost effectiveness. Since estimated average benefit payments do not steadily decline as the eligibility screen is gradually tightened, we find that narrow targeting is not optimal. The best candidate is a low bonus amount with a long qualification period, targeted to the half of profiled claimants most likely to exhaust their UI benefit entitlement.

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File URL: http://jhr.uwpress.org/cgi/reprint/XL/1/270
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Publisher Info
Article provided by University of Wisconsin Press in its journal Journal of Human Resources.

Volume (Year): 40 (2005)
Issue (Month): 1 ()
Pages:
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Handle: RePEc:uwp:jhriss:v:40:y:2005:i:1:p270-279

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  1. Yosuke Oda, 2008. "Alteration in Skills and Career-Enhancing in a Frictional Labor Market," Discussion Papers in Economics and Business 08-09, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP). [Downloadable!]
  2. Lisa M. Lynch, 2005. "Job loss: bridging the research and policy discussion," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q II, pages 29-37. [Downloadable!]
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This page was last updated on 2009-12-14.


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