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How unemployment benefits affect individuals of different wealth classes

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  • Lorenzo Corsini

Abstract

Purpose - This paper investigates whether the effect of unemployment benefits (UB) on unemployment duration is the same for individuals belonging to different wealth groups. Design/methodology/approach - Using a sample of newly unemployed individuals from Italy in 2007, we perform estimations of semi‐parametric and parametric Cox hazard models and finds a significant interaction between benefits and wealth. Findings - In particular, we show that the mitigating effect of benefits on liquidity constraints is less marked for individuals from richer households and therefore, for these individuals, benefits do not increase unemployment duration. Originality/value - The results also show that liquidity constraints are important in determining unemployment duration and that wealth has an important role in the actual effect of UB.

Suggested Citation

  • Lorenzo Corsini, 2013. "How unemployment benefits affect individuals of different wealth classes," International Journal of Manpower, Emerald Group Publishing Limited, vol. 34(6), pages 693-711, September.
    • Handle: RePEc:eme:ijmpps:v:34:y:2013:i:6:p:693-711
    DOI: 10.1108/IJM-10-2012-0153
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    Cited by:

    1. Lorenzo Corsini & Irene Martelli, 2020. "Measuring and detecting situations of need and deprivation using Graded Response models," Applied Economics Letters, Taylor & Francis Journals, vol. 27(15), pages 1289-1294, September.

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