Question
Describe what would happen if we raised the maximum benefit level for unemployment insurance to the savings rate of high income workers. How big are
Describe what would happen if we raised the maximum benefit level for unemployment insurance to the savings rate of high income workers. How big are the consumption-smoothing benefits of this policy change likely to be? Are there other potential benefits of raising this maximum benefit level?
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
