The value and limits of unemployment insurance

Jonas Kolsrud and Johannes Spinnewijn

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper reviews some recent findings regarding unemployment and unemployment insurance in particular, drawing on comprehensive administrative data from Sweden. Firstly, it explores the value of unemployment insurance, revealing that individuals value UI more than previously thought. Secondly, it examines the nature of unemployment, demonstrating that long-term unemployment is predictable and challenging preconceived notions on how unemployment can be a trap. Lastly, it explores the possibility of providing choice in unemployment insurance, finding limited adverse selection. Based on these pieces of evidence, we draw implications for the expansion of UI coverage for non-standard workers.

Keywords: non-standard employment; unemployment; social insurance (search for similar items in EconPapers)
JEL-codes: J01 R14 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2024-03-01
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Published in LSE Public Policy Review, 1, March, 2024, 3(2). ISSN: 2633-4046

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:122225

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