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~institution:"National Bureau of Economic Research"
~person:"Notowidigdo, Matthew J."
~subject:"Unemployment insurance"
~subject:"Welfare analysis"
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Should Unemployment Insurance Vary With the Unemployment Rate? Theory and Evidence
Kroft, Kory
-
2011
the
moral
hazard
cost of distorting job search behavior varies over the business cycle. Empirically, we find that the …
moral
hazard
cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests …
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