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- Publisher Website: 10.1016/j.jaccpubpol.2019.01.002
- Scopus: eid_2-s2.0-85061142913
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Article: Unemployment insurance benefits and income smoothing
Title | Unemployment insurance benefits and income smoothing |
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Authors | |
Keywords | Compensating wage differentials Income smoothing Unemployment insurance Unemployment risk |
Issue Date | 2019 |
Citation | Journal of Accounting and Public Policy, 2019, v. 38, n. 1, p. 15-30 How to Cite? |
Abstract | Labor unemployment insurance reduces unemployment concerns. We argue that these benefits moderate incentives to smooth earnings to reduce employees’ concerns about unemployment risk. Using exogenous variations in unemployment insurance benefits, we find evidence consistent with this argument. We also find that the link between unemployment insurance benefits and income smoothing is stronger when there is higher unemployment risk and when the firm is likely to employ more low-wage workers, who find unemployment insurance benefits especially useful. Our paper contributes to the literature by showing that public policy decisions such as unemployment insurance have significant, albeit probably unintended, externalities on corporate financial reporting. |
Persistent Identifier | http://hdl.handle.net/10722/315186 |
ISSN | 2023 Impact Factor: 3.3 2023 SCImago Journal Rankings: 1.327 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Ng, Jeffrey | - |
dc.contributor.author | Ranasinghe, Tharindra | - |
dc.contributor.author | Shi, Guifeng | - |
dc.contributor.author | Yang, Holly | - |
dc.date.accessioned | 2022-08-05T10:17:58Z | - |
dc.date.available | 2022-08-05T10:17:58Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Journal of Accounting and Public Policy, 2019, v. 38, n. 1, p. 15-30 | - |
dc.identifier.issn | 0278-4254 | - |
dc.identifier.uri | http://hdl.handle.net/10722/315186 | - |
dc.description.abstract | Labor unemployment insurance reduces unemployment concerns. We argue that these benefits moderate incentives to smooth earnings to reduce employees’ concerns about unemployment risk. Using exogenous variations in unemployment insurance benefits, we find evidence consistent with this argument. We also find that the link between unemployment insurance benefits and income smoothing is stronger when there is higher unemployment risk and when the firm is likely to employ more low-wage workers, who find unemployment insurance benefits especially useful. Our paper contributes to the literature by showing that public policy decisions such as unemployment insurance have significant, albeit probably unintended, externalities on corporate financial reporting. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Accounting and Public Policy | - |
dc.subject | Compensating wage differentials | - |
dc.subject | Income smoothing | - |
dc.subject | Unemployment insurance | - |
dc.subject | Unemployment risk | - |
dc.title | Unemployment insurance benefits and income smoothing | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jaccpubpol.2019.01.002 | - |
dc.identifier.scopus | eid_2-s2.0-85061142913 | - |
dc.identifier.volume | 38 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | 15 | - |
dc.identifier.epage | 30 | - |
dc.identifier.eissn | 1873-2070 | - |
dc.identifier.isi | WOS:000466456100004 | - |