Asked by Sergei Glukhov on Apr 27, 2024
Verified
Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.
Unemployment Insurance
A government-provided insurance that offers financial assistance to unemployed workers who have lost their jobs through no fault of their own.
Job Search
The process of looking for employment, involving the exploration of available positions and the submission of applications.
- Detail the purpose and influence of unemployment insurance on job search efforts and unemployment statistics.
- Assess the connection between receiving unemployment insurance and the behavior of searching for employment.
Verified Answer
KD
Katze DämonApr 28, 2024
Final Answer :
True
Explanation :
Studies have found that the design of unemployment insurance systems can impact the job search behavior of the unemployed, with more generous benefits or longer benefit durations sometimes leading to reduced job search efforts. This is because the insurance provides a safety net that can reduce the immediate need to find new employment.
Learning Objectives
- Detail the purpose and influence of unemployment insurance on job search efforts and unemployment statistics.
- Assess the connection between receiving unemployment insurance and the behavior of searching for employment.