Bringing Them In or Pushing Them Out? The Labor Market Effects of Pro-Cyclical Unemployment Assistance Changes
吸纳就业还是推离劳动力市场?顺周期失业救助调整的影响
Abstract We exploit an unanticipated labor market reform to estimate the effects of procyclical changes in long-term unemployment assistance (UA). In July 2012, Spain raised the minimum age to receive unlimited-duration UA from 52 to 55. Using a difference-in-differences design, we document that shorter benefits caused (1) shorter unemployment duration, especially among younger workers; (2) higher labor force exit and other programs’ take-up, especially among older workers;…