Excerpt
Excerpt
The Spike at Benefit Exhaustion: Leaving the Unemployment System or Starting a New Job? Raj Chetty, 2007, Paper. "In this paper, we review the literature on the spike in unemployment exit rates around benefit exhaustion, and present new evidence based on administrative data for a large sample of job losers in Austria. We and that the way unemployment spells are measured has a large e§ect on the magnitude of the spike at exhaustion, both in existing studies and in our Austrian data. Spikes are typically much smaller when spell length is defined by the time to next job than when it is defined by the time spent on the unemployment system..."