Aug 30, 2010

No es tan difícil de entender

Las personas actúan racionalmente según los incentivos.

Para obtener menos de algo, se le pone impuestos. Para obtener más de algo, artificialmente, se le pone subsidios.

¿Qué creen ustedes que pasa cuando se subsidia el desempleo? ¿Hay menos o más cantidad de gente sin empleo?

In a recession, it is more likely that individual unemployment reflects weak economic conditions, rather than individual decisions to choose leisure over work. Therefore, it is reasonable during a recession to adopt a more generous unemployment-insurance program. In the past, this change entailed extensions to perhaps 39 weeks of eligibility from 26 weeks, though sometimes a bit more and typically conditioned on the employment situation in a person's state of residence. However, we have never experienced anything close to the blanket extension of eligibility to nearly two years. We have shifted toward a welfare program that resembles those in many Western European countries.

(Gracias, Dolores)

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