Does Extending Unemployment Benefits Improve Job Quality?
利用奥地利基于年龄的断点回归设计，发现失业救济金延长会提高再就业工资，通过改善再就业企业质量和减缓工资下降实现，并解释了以往研究估计不一致的原因。
Contrary to standard search models predictions, past studies have not found a positive effect of unemployment insurance (UI) on reemployment wages. We estimate a positive UI wage effect exploiting an age-based regression discontinuity design in Austria. A search model incorporating duration dependence predicts two countervailing forces: UI induces workers to seek higher-wage jobs, but reduces wages by lengthening unemployment. Matching-function heterogeneity plausibly generates a negative relationship between the UI unemployment-duration and wage effects, which holds empirically in our sample and across studies, reconciling disparate wage-effect estimates. Empirically, UI raises wages by improving reemployment firm quality and attenuating wage drops.