Impact of Unemployment Insurance Benefit Generosity on Re- employment Wages during the Great Recession

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Impact of Unemployment Insurance Benefit Generosity on Re-
employment Wages during the Great Recession, Is A Well-Researched Topic, It Is To Be Used As A Guide Or Framework For Your Research.

Abstract

This paper examines the impact of the replacement ratio on re-employment wages during the great recession. This is done using a data set from IPUMS CPS displaced workers supplement between 2005 and 2012. Using OLS analysis, I estimated the impacts of the replacement ratio on the ratio of re-employment wages to pre-unemployment wages. I found that a replacement ratio of one would lead to a 77.6% increase in the ratio of re-employment wages to pre-unemployment wages, without the consideration of any other variables. The findings of the replacement ratio support economic theory and contradict the findings of some major papers on the subject, including the paper I based my model off. The analysis in this paper could be strengthened with weekly wage data as well as with the addition of more variables controlling for the impacts of a recession.

Table of Contents

Introduction………………………………………………………………………………………4
Literature Review………………………………………………………………………………..5
Theoretical Model………………………………………………………………………………..7
Econometric Model……………………………………………………………………………….9
Data………………………………………………………………………………………………11
Results …………………………………………………………………………………………..13
Implications……………………………………………………………………………………..14
Conclusion……………………………………………………………………………………….15
References……………………………………………………………………………………….17
Appendix…………………………………………………………………………………………19

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Additional information

Author

Hayden Cobb

No of Pages

21

Reference

YES

Format

PDF

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