Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172340 
Year of Publication: 
1990
Series/Report no.: 
Upjohn Institute Working Paper No. 90-05
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Abstract: 
Traditionally studies of unemployment insurance benefit adequacy have relied on an expenditure survey. This is expensive, yields small samples, and presumes that the analyst knows which categories of expenditure are necessary. This paper uses an existing large data set, and an agnostic approach. Labor supply are equations are estimated on PSID data using an estimator which accounts for rationing in the labor market. The results are used to compute labor market constraint compensation for comparison to payments under UI systems of representative states. The results suggest that payments which meet the accepted standard of adequacy would usually slightly overcompensate individuals.
Subjects: 
unemployment
insurance
adequacy
benefits
O'Leary
JEL: 
J0
J6
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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