A General Formula for the Optimal Level of Social Insurance
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https://www.nber.org/papers/w11386
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资源简介：
In an influential paper, Baily (1978) showed that the optimal level of unemployment insurance (UI) in a stylized static model depends on only three parameters: risk aversion, the consumption-smoothing benefit of UI, and the elasticity of unemployment durations with respect to the benefit rate. This
提供机构：
美国国家经济研究局
创建时间：
2005-05-01
