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content/papers/4.md

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- /tags/job-search/
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tags: ["Baily-Chetty formula", "DMP model", "fiscal policy", "job rationing", "matching model", "market tightness", "sufficient statistics", "unemployment", "unemployment insurance", "wage rigidity"]
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tags: ["Baily-Chetty formula", "DMP model", "fiscal policy", "job rationing", "matching model", "market tightness", "sufficient statistics", "unemployment", "wage rigidity"]
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author: ["Camille Landais","Pascal Michaillat","Emmanuel Saez"]
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description: "This paper develops a theory of optimal unemployment insurance in matching models. Published in AEJ Policy, 2018."
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summary: "This paper develops a theory of optimal unemployment insurance in matching models. It derives a sufficient-statistic formula for optimal unemployment insurance, which is useful to determine the optimal cyclicality of unemployment insurance."

content/papers/5.md

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tags: ["Baily-Chetty formula", "business cycles", "fiscal policy", "job rationing", "matching model", "market tightness", "nonlinearity", "unemployment insurance", "wage rigidity"]
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tags: ["Baily-Chetty formula", "business cycles", "fiscal policy", "job rationing", "matching model", "market tightness", "nonlinearity", "wage rigidity"]
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author: ["Camille Landais","Pascal Michaillat","Emmanuel Saez"]
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description: "This paper studies how the generosity of unemployment insurance should vary over the business cycle in the United States. Published in AEJ Policy, 2018."
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summary: "This paper explores how the optimal generosity of unemployment insurance varies over the business cycle in the United States. It finds that the optimal replacement rate is countercyclical, just like the actual replacement rate."

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