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.

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1 March 2024

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LSE Public Policy Review 3(2) , pp.1-11, 2024

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DOI: 10.31389/lseppr.100

https://ppr.lse.ac.uk/articles/10.31389/lseppr.100

This Journal article is published under the centre's Labour programme.

This publication comes under the following theme: Labour market dynamics, Unemployment and job search