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A Welfare-Theoretic Evaluation of Unemployment Insurance

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  • Jon R. Neill

    (Western Michigan University)

Abstract

This article applies a new techncque for estimating willingness to pay for non-traded goods to the debate on the appropriate level of unemployment compensation. These estimates suggest that, in a welfare-theoretic sense, unemployment benefits may not be excessive.

Suggested Citation

  • Jon R. Neill, 1989. "A Welfare-Theoretic Evaluation of Unemployment Insurance," Public Finance Review, , vol. 17(4), pages 429-444, October.
    • Handle: RePEc:sae:pubfin:v:17:y:1989:i:4:p:429-444
    DOI: 10.1177/109114218901700405
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    References listed on IDEAS

    as
    1. Hamermesh, Daniel S, 1982. "Social Insurance and Consumption: An Empirical Inquiry," American Economic Review, American Economic Association, vol. 72(1), pages 101-113, March.
    2. Saffer, Henry, 1982. "Layoffs and unemployment insurance," Journal of Public Economics, Elsevier, vol. 19(1), pages 121-129, October.
    3. Ehrenberg, Ronald G & Oaxaca, Ronald L, 1976. "Unemployment Insurance, Duration of Unemployment, and Subsequent Wage Gain," American Economic Review, American Economic Association, vol. 66(5), pages 754-766, December.
    4. Flemming, J. S., 1978. "Aspects of optimal unemployment insurance : Search, leisure, savings and capital market imperfections," Journal of Public Economics, Elsevier, vol. 10(3), pages 403-425, December.
    5. Neill, Jon R., 1988. "Another theorem on using market demands to determine willingness to pay for non-traded goods," Journal of Environmental Economics and Management, Elsevier, vol. 15(2), pages 224-232, June.
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