A Macroeconomic Theory of Optimal Unemployment Insurance
NBER Working Paper No. 16526
---- Acknowledgements ----
This paper supersedes our earlier paper titled “Optimal Unemployment Insurance over the Business Cycle”. We thank Daron Acemoglu, George Akerlof, Varanya Chaubey, Raj Chetty, Sanjay Chugh, Peter Diamond, Emmanuel Farhi, Jordi Galí, Mikhail Golosov, Yuriy Gorodnichenko, David Gray, Etienne Lehmann, Guido Lorenzoni, Emi Nakamura, Christopher Pissarides, Robert Shimer, Johannes Spinnewijn, Jón Steinsson, Aleh Tsyvinski, and numerous seminar and conference participants for helpful discussions and comments. This work was supported by the Center for Equitable Growth at the University of California Berkeley, the British Academy, the Economic and Social Research Council [grant number ES/K008641/1], and the Institute for New Economic Thinking. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.