Global crisis: comments on President Obama extension of unemployment insurance benefits

In these post professor Becker and professor Posner discuss about the Law signed by president Obama which extends unemployment benefits for almost two years. The design of an ideal unemployment insurance is highly controversial and far from settled. Nevertheless, given that the incentives embedded in these programs are well identified (see particularly the note posted by professor Becker), most of the programs around the world are sharing common elements. At the CISS we have studied the issue of unemployment and unemployment insurance, see our Annual Report 2010.