dc.contributor.author | Basten, Christoph | |
dc.contributor.author | Fagereng, Andreas | |
dc.contributor.author | Telle, Kjetil | |
dc.coverage.spatial | Norway | nb_NO |
dc.date.accessioned | 2019-01-23T15:39:10Z | |
dc.date.available | 2019-01-23T15:39:10Z | |
dc.date.issued | 2014-05-23 | |
dc.identifier.citation | The economic journal, 2014, Vol. 124, No. 576, pp. 540-568 | nb_NO |
dc.identifier.issn | 1468-0297 | |
dc.identifier.uri | http://hdl.handle.net/11250/2582017 | |
dc.description | First published: 23 May 2014 | nb_NO |
dc.description.abstract | We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a payment worth 1.2 months’ earnings
at the median lowers the fraction re-employed after a year by about eight percentage points. This is what we would expect if liquidity constraints force unemployed workers to accept a job offer earlier than would be optimal. As further support for the liquidity story, we use data on wealth before unemployment to show that the effect of non-employment duration occurs for the non-wealthy only.
Keywords: Unemployment, Optimal Unemployment Insurance, Liquidity Constraints, Severance Pay, Regression Discontinuity Design. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Wiley | nb_NO |
dc.subject | Unemployment | nb_NO |
dc.subject | Arbeidsledighet | nb_NO |
dc.subject | Unemployment Insurance | nb_NO |
dc.subject | Liquidity Constraints | nb_NO |
dc.subject | Severance Pay | nb_NO |
dc.subject | Sluttverderlag | nb_NO |
dc.subject | JEL: D91, E6, H5, J6 | nb_NO |
dc.title | Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway | nb_NO |
dc.type | Journal article | nb_NO |
dc.type | Peer reviewed | nb_NO |
dc.description.version | acceptedVersion | nb_NO |
dc.rights.holder | Wiley, | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210 | nb_NO |
dc.source.pagenumber | 540-568 | nb_NO |
dc.source.volume | 124 | nb_NO |
dc.source.journal | The Economic Journal | nb_NO |
dc.source.issue | 576 | nb_NO |
dc.identifier.doi | https://doi.org/10.1111/ecoj.12135 | |
dc.identifier.cristin | 1711901 | |
dc.relation.project | Norwegian Research Council. Grant Number: 184563/F10 | nb_NO |