TY  - RPRT
        AU  - Cockx, Bart
AU  - Declercq, Koen
AU  - Dejemeppe, Muriel
        TI  - Losing Prospective Entitlement to Unemployment Benefits. Impact on Educational Attainment
        PY  - 2022/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15439
        UR  - https://www.iza.org/publications/dp15439
        AB  - Providing income support to unemployed education-leavers reduces the returns to investments in education because it makes the consequences of unemployment less severe. We evaluate a two-part policy reform in Belgium to study whether conditioning the prospective entitlement to unemployment benefits for education-leavers on age or schooling attainment can affect educational achievements. The results show that the prospect of financial loss in case of unemployment can significantly raise degree completion and reduce dropout in higher education, but not in high school. We argue that the higher prevalence of behavioral biases among lower educated and younger students could explain these contrasting findings.
        KW  - unemployment insurance
KW  - conditionality
KW  - degree completion
KW  - school dropout
KW  - behavioral biases
        ER  -