One of the ways the government can cushion the unemployed worker is to pay him/her unemployment benefits. If the government pays these benefits to an unemployed worker, it reduces the marginal private search costs of the unemployed. Why then could such payment lead to prolonged unemployment.
One of the ways the government can cushion the unemployed worker is to pay him/her unemployment benefits. If the government pays these benefits to an unemployed worker, it reduces the marginal private search costs of the unemployed. Why then could such payment lead to prolonged unemployment.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 8SQ
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One of the ways the government can cushion the unemployed worker is to pay him/her
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