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Reservation Wages and Unemployment Insurance

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NBER2006-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12618
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This paper argues that a risk-averse worker's after-tax reservation wage encodes all the relevant information about her welfare. This insight leads to a novel test for the optimality of unemployment insurance based on the responsiveness of reservation wages to unemployment benefits. Some existing
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2006-10-01
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