The Effect of Enhancing Unemployment Benefits in Korea: Wage Replacement Rate vs. Maximum Benefit Duration†

The Effect of Enhancing Unemployment Benefits in Korea: Wage Replacement Rate vs. Maximum Benefit Duration†

This paper studies the macroeconomic effects of an enhancement in unemployment benefits in Korea. In particular, I quantify the welfare effect of two specific policy chances which have been mainly discussed among policymakers in recent years: increasing wage replacement rates by 10%p and extending m...

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Bibliographic Details
Main Author: KIM, JIWOON
Format: Article
Language:English
Published: Korea Development Institute 2018-08-01
Series:KDI Journal of Economic Policy
Subjects:
Unemployment Insurance
Unemployment Benefits
Wage Raplacement Rate
Maximum Benefit Duration
Online Access:https://doi.org/10.23895/kdijep.2018.40.3.1

Internet

https://doi.org/10.23895/kdijep.2018.40.3.1

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