College
Buchtel College of Arts and Sciences (BCAS)
Date of Last Revision
2023-05-04 00:12:37
Major
Economics
Honors Course
Labor Market Analysis and Evaluation
Number of Credits
3
Degree Name
Bachelor of Arts
Date of Expected Graduation
Spring 2021
Abstract
This paper examines the impact of the replacement ratio on re-employment wages during the great recession. This is done using a data set from IPUMS CPS displaced workers supplement between 2005 and 2012. Using OLS analysis, I estimated the impacts of the replacement ratio on the ratio of re-employment wages to pre-unemployment wages. I found that a replacement ratio of one would lead to a 77.6% increase in the ratio of re-employment wages to pre-unemployment wages, without the consideration of any other variables. The findings of the replacement ratio support economic theory and contradict the findings of some major papers on the subject, including the paper I based my model off. The analysis in this paper could be strengthened with weekly wage data as well as with the addition of more variables controlling for the impacts of a recession.
Research Sponsor
Dr. Francesco Renna
First Reader
Dr. Steven Myers
Second Reader
Dr. Michael Nelson
Honors Faculty Advisor
Dr. Elizabeth Erickson
Recommended Citation
Cobb, Hayden, "Impact of Unemployment Insurance Benefit Generosity on Re-employment Wages during the Great Recession" (2021). Williams Honors College, Honors Research Projects. 1183.
https://ideaexchange.uakron.edu/honors_research_projects/1183
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