With the emergence of the Great Recession unemployment insurance (UI) is once again at
the heart of the policy debate. In this paper, we review the recent theoretical and empirical …

We provide evidence that unemployment insurance affects equilibrium conditions in the
labor market, which creates significant “market externalities.” We provide a framework for …

This paper studies a targeted program that extends the maximum duration of unemployment
benefits from 30 weeks to 209 weeks in Austria. Sharp discontinuities in treatment …

This paper studies how changes in the two key parameters of unemployment insurance—
the benefit replacement rate (RR) and the potential benefit duration (PBD)—affect the …

We present an economic experiment on network formation, in which subjects can decide to
form links to one another. Direct links are costly but being connected is valuable. The game …

We explore how extended unemployment insurance (UI) benefits for older workers affect
early retirement and welfare. We argue that extending UI benefits generates program …

The potential duration of benefits is generally viewed as an important determinant of
unemployment duration. This paper evaluates a unique policy change that prolonged …

The portfolio selection problem is traditionally modelled by two different approaches. The
first one is based on an axiomatic model of risk-averse preferences, where decision makers …

We present a test of Coasean theories of efficient separations. We study a cohort of jobs
from the introduction through the repeal of a large age-and region-specific unemployment …

We estimate the causal effect of a permanent and premature exit from the labor force on
mortality. To overcome the problem of negative health selection into retirement, we exploit a …