Results

CEP discussion paper

Subsidizing labor hoarding in recessions: the employment and welfare effects of short time work

The Great Recession has seen a revival of interest in policies encouraging labor hoarding by firms. Short time work (STW) policies, which consist in offering subsidies for hours reductions to workers in firms experiencin...Read more...

Journal article

American Economic Journal: Economic Policy:

A Macroeconomic Approach to Optimal Unemployment Insurance: Applications

Read more...

CEP discussion paper

Risk-based selection in unemployment insurance: evidence and implications

This paper studies whether adverse selection can rationalize a universal mandate for unemployment insurance (UI). Building on a unique feature of the unemployment policy in Sweden, where workers can opt for supplemental ...Read more...

CEP discussion paper

The optimal timing of UI benefits: theory and evidence from Sweden

This paper provides a simple, yet general framework to analyze the optimal time profile of benefits during the unemployment spell. We derive simple sufficient-statistics formulae capturing the insurance value and incenti...Read more...

CEP discussion paper

Optimal Unemployment Insurance Over the Business Cycle

This paper characterizes optimal unemployment insurance (UI) over the business cycle using a model of equilibrium unemployment in which jobs are rationed in recession. It offers a simple optimal UI formula that can be ap...Read more...