You are hired by the presidential administration to review the unemployment insurance program, which currently replaces 45% of a worker's wages for 26 weeks after she loses her job. The empirical evidence on unemployment spell durations suggests that workers who leave unemployment earlier (that is, find or take a job sooner) have no higher post-unemployment wages than workers who leave unemployment later. This result could be interpreted as evidence that the quality of the job match does not improve as the unemployment spell grows longer.

What does this interpretation imply about the moral hazard costs of unemployment insurance?