The value and limits of unemployment insurance

Kolsrud, Jonas and Spinnewijn, Johannes (2024) The value and limits of unemployment insurance. LSE Public Policy Review, 3 (2). ISSN 2633-4046

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Abstract

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.

Item Type:	Article
Official URL:	https://ppr.lse.ac.uk/
Additional Information:	© 2024 The Author(s)
Divisions:	Economics
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Date Deposited:	06 Mar 2024 16:36
Last Modified:	06 Mar 2024 16:51
URI:	http://eprints.lse.ac.uk/id/eprint/122225

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