Moral Hazard vs. Liquidity and Optimal Unemployment Insurance
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下载链接：
https://www.nber.org/papers/w13967
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资源简介：
This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a simple method of calculating the welfare gains from UI using this evidence. I show that 60 percent of the increase in unemployment durations caused by UI benefits is due to a "liquidity
提供机构：
美国国家经济研究局
创建时间：
2008-04-01
