14 Nov Unemployment insurance benefits provide critical financial assistance to people who have lost their jobs. However, the job s
Unemployment insurance benefits provide critical financial assistance to people who have lost their jobs. However, the job search model–and empirical evidence–indicate that the benefits also prolong the length of unemployment spells, on average.
Please write a short essay (approximately 500 words) that (a) briefly describes the job search model, (b) describes the Unemployment Insurance system in the U.S., (c) discusses features or policies of the system that lead to longer unemployment spells, and (d) discusses features or policies of the system that contribute to shorter unemployment spells. Your answers to parts (c) and (d) should be supported with reasons and analysis based on the job search model.
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