The elasticity of the unemployment rate with respect to benefits

C-Tier
Journal: Economics Letters
Year: 2009
Volume: 102
Issue: 2
Pages: 102-105

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Calibrated to replicate unemployment fluctuations, the standard Mortensen-Pissarides model implies that unemployment rises too strongly when benefits increase. Under an alternative bargaining assumption (right-to-manage) the model matches unemployment fluctuations, and implies a reasonable elasticity of unemployment with respect to benefits.

Technical Details

RePEc Handle
repec:eee:ecolet:v:102:y:2009:i:2:p:102-105
Journal Field
General
Author Count
2
Added to Database
2026-01-25