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| Author: | Kyyrä, T. Ollikainen, V. |
| Title: | To search or not to search? The effects of UI benefit extension for the older unemployed |
| Journal: | Journal of Public Economics
2008 : OCT, VOL. 92:10-11, p. 2048-2070 |
| Index terms: | labour markets unemployment unemployment duration unemployment insurance models Nordic countries Finland |
| Freeterms: | older people |
| Language: | eng |
| Abstract: | In Finland, the older unemployed can collect unemployment insurance benefits until retirement, whereas the entitlement period for younger groups is two years. In 1997, the eligibility age of persons benefiting from extended benefits was raised from 53 to 55. This paper takes advantage of this quasi-experimental setting to identify the effect of extended benefits on transitions out of unemployment among the older unemployed. A competing risks version of a split population duration model is applied to account for multiple exit routes and the possibility of some of the older unemployed possibly being not active in the labour market because of pension rules. It is found that circa half of the unemployed with extended benefits withdraw from job search. |
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