Centeno, MárioNovo, Álvaro A.2018-06-112018-06-112009-04Centeno, Mário e Álvaro A. Novo (2009). "Reemployment wages and UI liquidity effect : a regression discontinuity approach". Portuguese Economic Journal, 8(1):45-521617-982X (print)1617-9838 (online)http://hdl.handle.net/10400.5/15583This paper puts together the non-distortionary liquidity eff ect of unemployment insurance and job match quality. We identify a big impact on subsidized unemployment duration and a small impact on wages on the job that follows the unemployment spell. Wage gains are heterogeneous and concentrated on individuals at the bottom of the pre-unemployment income distribution. The non-distortionary nature of the liquidity eff ect reduces the pressure on low-income workers to accept lower productivity jobs.engUnemployment insuranceSubsidized unemployment durationReemployment wagesLiquidity eff ectRegression discontinuityjournal article10.1007/s10258-009-0038-8