Why do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity
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下载链接：
https://www.nber.org/papers/w11760
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资源简介：
It is well known that unemployment benefits raise unemployment durations. This result has traditionally been interpreted as a substitution effect caused by a distortion in the price of leisure relative to consumption, leading to moral hazard. This paper questions this interpretation by showing that
提供机构：
美国国家经济研究局
创建时间：
2005-11-01
