ECIN Replication Package for "Optimal Unemployment Policy"

Principal Investigator(s): View help for Principal Investigator(s) Nicholas Lawson, Université du Québec à Montréal

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Project Citation:

Lawson, Nicholas. ECIN Replication Package for “Optimal Unemployment Policy.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-12-07. https://doi.org/10.3886/E183449V1

Project Description

Summary:

This replication package contains Stata and Matlab data files and code to replicate the results from my paper entitled "Optimal Unemployment Policy" in Economic Inquiry. The paper shows that the optimal policy to deal with unemployment features important roles for monitoring of search and job search assistance, as well as more generous unemployment insurance (UI). These results are significantly different from the previous literature, which has overwhelmingly focussed on UI on its own. I incorporate two empirically relevant phenomena that have often been ignored: private consumption smoothing and fiscal externalities from income taxes. I estimate a job search model using indirect inference on data from the March CPS, and simulate the model to evaluate a variety of policy reforms.

Scope of Project

Subject Terms: Stata; Matlab; fixed effects IV estimation; model simulation

JEL Classification:
      I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
      J08 Labor Economics Policies
      J68 Mobility, Unemployment, and Vacancies: Public Policy

Manuscript Number: ECIN-May-2022-0199

Geographic Coverage: USA

Time Period(s): 1987 – 2007

Collection Date(s): 1988 – 2008

Universe: Men aged 18-64, not in the armed forces, who were unemployed for more than 1 week and received unemployment insurance benefits at some point in the year, and had positive earnings during the year.

Data Type(s): survey data

Methodology

Data Source: IPUMS CPS

Related Publications

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Published Versions

V1 [2022-12-07]

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