wages. A one-point increase in the unemployment rate decreases wages ofnewly hired male workers by around 2.8% and by just 1 …

design of optimalunemployment insurance in an economy with unemployment as well as part-timeunemployment. Part …-time unemployment provides income insurance and serves as astepping stone to full-time jobs. Unemployment benefits for part …-timers increase the outflowfrom unemployment to part-time work but reduce the outflow from part-time work to full-timeemployment. We …