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政大機構典藏 > 社會科學學院 > 經濟學系 > 會議論文 > Item 140.119/135395

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Title:	Evaluating Welfare Effect of Extended Unemployment Insurance Benefits
Authors:	黃柏鈞 Huang, Po-Chun Yang, Tzu-Ting
Contributors:	經濟系
Date:	2020-05
Issue Date:	2021-06-01 16:21:57 (UTC+8)
Abstract:	This paper estimates the welfare gain (i.e. ratio of liquidity to moral hazard effect) of extending UI benefits, using two natural experiments in Taiwan: a three-month benefits extension for middle-aged job losers and the introduction of a re-employment bonus. Our strategy exploits the fact that a re-employment bonus affects an individual`s search efforts only through the moral hazard effect. Therefore, we recover liquidity effects by estimating the responses of the search effort to a UI extension and a re-employment bonus. We find that the estimated liquidity-to-moral hazard ratio of extending UI benefits is around 3.9, suggesting that the welfare gain of extending potential benefit duration is substantially larger than that of increasing benefit level.
Relation:	Learning from Taiwan Workshop, Seoul National University, Seoul National University
Data Type:	conference
DOI:	https://dx.doi.org/10.2139/ssrn.3660418
Appears in Collections:	[經濟學系] 會議論文

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