Figure 2.11: Unemployment Benefit Generosity and Unemployment Rates across the OECD (2001–2020)
Figure 2.11 is a scatter plot that visualizes the relationship between unemployment benefit generosity and unemployment rates across OECD countries from 2001 to 2020. The horizontal axis represents the gross unemployment benefit replacement rate, which is the average portion of a worker's pre-tax earnings replaced by benefits. The vertical axis displays the average unemployment rate. The plot is used to demonstrate that there is no simple positive correlation between these two variables.
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Introduction to Macroeconomics Course
Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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Figure 2.11: Unemployment Benefit Generosity and Unemployment Rates across the OECD (2001–2020)
Average Unemployment Duration Across Countries (Figure 6.7, 2021)