To study the constrained efficient public insurance provision against unemployment risks, we build a directed search model with households where spouse's ability to provide consumption determines risks job-seekers take on. The planner's transfers unemployed fall income because of concave preferences limited complementarity between and labor. Due absence such scheme in laissez-faire equilibrium,...

The Longitudinal Database of Quarterly Census of Employment and Wages (QCEW) links quarterly reports of employment and total wages of all nonfarm establishments covered by State Unemployment Insurance. QCEW uses two types of linkage: deterministic and probabilistic. Deterministic linkage is performed by SESA IDs – a combination of state FIPS code, Unemployment Insurance Number, and Reported Uni...

1. Basic approaches of social security system 1.1. Basic definition of social security system 1.2. Essence and basic attributes of the social security system 1.3. Historical development of social security system 1.4. Basic contents of social security system 2. Basic characteristics and development process of China's social security system 2.1. Basic characteristics of China's social security sy...

This paper contributes to the growing literature on the relationship between business cycles and mental health. It is one of the first applications in the economics literature to incorporate data on web searches from Google Insights for Search, and these unique data allow the opportunity to estimate the association between weekly unemployment insurance (UI) claims, in addition to monthly unempl...

Payroll taxes represent a major distortionary in uence of governments on labor markets. This paper examines the role of payroll taxation and the social safety net for cyclical uctuations in an nonmonetary economy with labor market frictions and unemployment insurance, when the latter is only imperfectly related to search e ort. A balanced social insurance budget renders gross wages more rigid o...

A hallmark of modern labor economics is the close interplay between the development of theory, data sources and econometric testing. The evolution of the economic analysis of unemployment insurance provides a good illustration. New theoretical approaches, in particular job-search theory, have inspired a large amount of empirical research, some of it methodologically innovative and most of it hi...

Should unemployment benefits be paid indefinitely at a fixed rate or should it decline (or increase) over a worker’s unemployment spell? We examine these issues using an equilibrium model of search unemployment. The model features worker-firm bargaining over wages, free entry of new jobs, and endogenous search effort among the unemployed. The main result is that an optimal insurance program imp...

Extensions of unemployment insurance (UI) benefits have been implemented in response to the Great Recession. This paper measures the effect of these extensions on the unemployment rate using a calibrated structural model featuring job search and consumption-saving decisions, skill depreciation, and UI eligibility. The ongoing UI benefit extensions are found to have raised the unemployment rate ...