WP 2009-9 Unemployment Compensation and High European Unemployment: A Reassessment with New Benefit Indicators
Miriam Rehm David R. Howell
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Miriam Rehm David R. Howell: New School for Social Research, New York, NY, http://www.economicpolicyresearch.org
Authors registered in the RePEc Author Service: David R. Howell () and
No 2009-9, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
Generous unemployment benefits lie at the heart of the conventional explanation for persistent high unemployment. The micro evidence suggests modest effects of changes in generosity, but there are reasons to doubt that the impacts on national unemployment rates are consequential. The authors take advantage of newly released and much improved net replacement rate indicators from the OECD, which show little correlation with either gross replacement rates or with unemployment and employment rates.
Keywords: european unemployment (search for similar items in EconPapers)
Pages: 44 pages
New Economics Papers: this item is included in nep-eec, nep-lab and nep-ltv
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