Duration-Dependent Unemployment Insurance Payments and Equilibrium Unemployment

This paper develops a model of equilibrium unemployment with duration-dependent unemployment insurance (UI) payments. As the government does not observe job offers, there is a moral hazard problem because the option of receiving further UI payments raises the job-seeker's value of remaining une...

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Bibliographic details
Volume: 71
Main Author: Masters, Adrian M
Coles, Melvyn Glyn
Format: Journal Article
Language: English
Place of publication: London School of Economics and Political Science 2004
published in: Economica Vol. 71; pp. 83 - 97
Data of publication: 2004
Series: Economica
Online Access: available in Bonn?
Database: RePEc
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