Construct · 1 fields · 1 citations

Baily-Chetty formula: a standalone construct

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Public finance

a rule that sets the optimal unemployment benefit by balancing the consumption-smoothing value of benefits against their effect on job search.

In public finance, Baily-Chetty formula refers to a rule that sets the optimal unemployment benefit by balancing the consumption-smoothing value of benefits against their effect on job search. This meaning comes from Baily (1978) in Journal of Public Economics.[1]

Unit
Recovery means
Measured by

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formula1 fields · 1 citationsanchor · a standalone construct search4 fields · 7 citationsjingle · one word, four constructs value6 fields · 12 citationsjingle · one name, six constructs

References

Baily, M. N. (1978). Some aspects of optimal unemployment insurance. Journal of Public Economics, 10(3), 379-402. https://doi.org/10.1016/0047-2727(78)90053-1

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