The Effects of Extended Unemployment Benefits: Evidence from a Regression Discontinuity Design
2017/01/13
研討會日期 : 2017-01-13
時間 : 14:30
主講人 : Mr. Po-Chun Huang
主持人 : Professor Chu-An Liu
地點 : Conference Room B110
演講者簡介 : Mr. Huang will receive his Ph.D. in Economics from Michigan State University in 2017. His research fields are Labor Economics, Public Economics, and Applied Econometrics. He is applying for a position of the Institute of Economics, Academia Sinica now.
演講摘要 : This paper uses administrative unemployment insurance (UI) data and an unemployment benefits extension for workers aged 45 or older in Taiwan to estimate the effects of the extended benefits on unemployment duration and reemployment outcomes. Using the regression discontinuity design, we estimate that a 90-day increase in potential duration increases the insured duration by 57 days and the nonemployment duration by 41 days. While we do not find wage gains for overall UI recipients around 45 years old, the benefits extension is estimated to increase the reemployment wage for the lower-wage workers who are most likely to exhaust their benefits. Our findings suggest that the number of liquidity-constrained workers at the exhaustion point relative to all UI recipients might play an important role in the effect of a benefits extension on job match quality.
