“It is well known that unemployment benefits raise unemployment durations.”
Quote by Raj Chetty
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Why Do Unemployment Benefits Raise Unemployment Durations?: The Role of Borrowing Constraints and Income Effects
The book delves into the economic implications of unemployment benefits, analyzing how these benefits can extend the period of unemployment. It examines the interplay between borrowing constraints and income effects, providing insights into the complex dynamics of the labor market. more
