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Optimal Unemployment Insurance Design: Time Limits, Monitoring, or Workfare?

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Figure

Table 2: Baseline calibration and a benefit system with time limits
Figure 1: Worker expected utility and the “penalty” of UI expiration.  -0.845-0.844-0.843-0.842-0.841-0.84-0.839-0.838 0 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 0.45 0.5
Figure 2: Worker expected utility and the monetary sanction.  -0.844-0.843-0.842-0.841-0.84-0.839-0.838-0.837-0.836-0.835 0 0.1 0.2 0.3 0.4 0.5 0.6 Monetary sanction
Table 3: A benefit system with monitoring and sanctions
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