Author : Alan B. Krueger
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (41 download)
Book Synopsis Job Search and Unemployment Insurance by : Alan B. Krueger
Download or read book Job Search and Unemployment Insurance written by Alan B. Krueger and published by . This book was released on 2008 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new evidence on job search intensity of the unemployed in the U.S., modeling job search intensity as time allocated to job search activities. The main findings are: 1) the average unemployed worker in the U.S. devotes about 41 minutes to job search on weekdays, which is substantially more than his or her European counterpart; 2) workers who expect to be recalled by their previous employer search substantially less than the average unemployed worker; 3) across the 50 states and D.C., job search is inversely related to the generosity of unemployment benefits, with an elasticity between -1.6 and -2.2; 4) the predicted wage is a strong predictor of time devoted to job search, with an elasticity in excess of 2.5; 5) job search intensity for those eligible for Unemployment Insurance (UI) increases prior to benefit exhaustion; 6) time devoted job search is fairly constant regardless of unemployment duration for those who are ineligible for UI. A nonparametric Monte Carol technique suggests that the relationship between job search effort and the duration of unemployment for a cross-section of job seekers is only slightly biased by length-based sampling.