WP 2009-9 Unemployment Compensation and High European Unemployment: A Reassessment with New Benefit Indicators
AbstractGenerous unemployment benefits lie at the heart of the conventional explanation for persistent high unemployment. The micro evidence suggests modest effects of changes in generosity, but there are reasons to doubt that the impacts on national unemployment rates are consequential. The authors take advantage of newly released and much improved net replacement rate indicators from the OECD, which show little correlation with either gross replacement rates or with unemployment and employment rates.
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Bibliographic InfoPaper provided by Schwartz Center for Economic Policy Analysis (SCEPA), The New School in its series SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. with number 2009-9.
Length: 44 pages
Date of creation: Apr 2009
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-30 (All new papers)
- NEP-EEC-2009-05-30 (European Economics)
- NEP-LAB-2009-05-30 (Labour Economics)
- NEP-LTV-2009-05-30 (Unemployment, Inequality & Poverty)
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- Davide Furceri, 2012. "Unemployment and Labor Market Issues in Algeria," IMF Working Papers 12/99, International Monetary Fund.
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