Unemployment Insurance and Unemployment: An analysis of the aggregate demand-side effects for postwar Canada
Most of the theoretical and empirical literature on the effects of unemployment insurance (UI) during the last 25 years has focused on the supply-side implications. The object of this article is to argue that much of those discussions over the disincentive effects of UI is misdirected. Our intention is to bring back to the forefront a discussion of the positive macroeconomic role played by UI net injections in stabilizing aggregate demand. Our empirical results using Canadian data for the postwar period support this Keynesian view of the stabilizing effect of UI in contemporary economies.
Volume (Year): 13 (1999)
Issue (Month): 1 ()
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References listed on IDEAS
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- David Card & W. Craig Riddell, 1993.
"A Comparative Analysis of Unemployment in Canada and the United States,"
in: Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States, pages 149-190
National Bureau of Economic Research, Inc.
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- Shelley A. Phipps, 1991. "Behavioural Response to UI Reform in Constrained and Unconstrained Models of Labour Supply," Canadian Journal of Economics, Canadian Economics Association, vol. 24(1), pages 34-54, February.
- Phipps, S., 1988. "Behavioural Response To Ui Reform In Constrained And Unconstrained Models Of Labour Supply," Department of Economics at Dalhousie University working papers archive 88-01, Dalhousie, Department of Economics.
- Fortin, Pierre, 1989. "How 'natural' is Canada's high unemployment rate?," European Economic Review, Elsevier, vol. 33(1), pages 89-110, January.
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- Phipps, Shelley, 1990. "Quantity-Constrainted Household Responses to UI Reform," Economic Journal, Royal Economic Society, vol. 100(399), pages 124-140, March.
- Atkinson, Anthony B & Micklewright, John, 1991. "Unemployment Compensation and Labor Market Transitions: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 29(4), pages 1679-1727, December. Full references (including those not matched with items on IDEAS)
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