Harvard University and Insead
NBER Working Papers and Publications
|May 2017||Unemployment Insurance and Reservation Wages: Evidence from Administrative Data|
with Thomas Le Barbanchon, Roland Rathelot: w23406
Although the reservation wage plays a central role in job search models, empirical evidence on the determinants of reservation wages, including key policy variables such as unemployment insurance (UI), is scarce. In France, unemployed people must declare their reservation wage to the Public Employment Service when they register to claim UI benefits. We take advantage of these rich French administrative data and of a reform of UI rules to estimate the effect of the potential benefit duration (PBD) on reservation wages and on other dimensions of job selectivity, using a difference-in-difference strategy. We cannot reject that the elasticity of the reservation wage with respect to PBD is zero. Our results are precise and we can rule out elasticities larger than 0.006. Furthermore, we do not f...
Published: Thomas Le Barbanchon & Roland Rathelot & Alexandra Roulet, 2017. "Unemployment insurance and reservation wages: Evidence from administrative data," Journal of Public Economics, .
|April 2015||Creative Destruction and Subjective Wellbeing|
with Philippe Aghion, Ufuk Akcigit, Angus Deaton: w21069
In this paper we analyze the relationship between turnover-driven growth and subjective wellbeing, using cross-sectional MSA level US data. We find that the effect of creative destruction on wellbeing is (i) unambiguously positive if we control for MSA-level unemployment, less so if we do not; (ii) more positive on future wellbeing than on current well-being; (iii) more positive in MSAs with faster growing industries or with industries that are less prone to outsourcing; (iv) more positive in MSAs within states with more generous unemployment insurance policies.
Published: Philippe Aghion & Ufuk Akcigit & Angus Deaton & Alexandra Roulet, 2016. "Creative Destruction and Subjective Well-Being," American Economic Review, American Economic Association, vol. 106(12), pages 3869-3897, December. citation courtesy of