In this paper, we review the literature on the "spike" in unemployment exit rates around benefit exhaustion, and … unemployment spells are measured has a large effect on the magnitude of the spike at exhaustion, both in existing studies and in … defined by the time spent on the unemployment system. In Austria, the exit rate from registered unemployment rises by over 200 …

sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional …), unemployment (U), and non-participation (N). We model the job-finding rates for the unemployed and non-participants, and we use … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the …

This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the …

In response to the Great Recession, the availability of unemployment insurance (UI) benefits was extended to an … individual exit from unemployment, and we compare the estimated impact with that for the prior extension of benefits during the … unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are …

This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and …-optimistic in their beliefs, particularly the long-term unemployed, and (3) that job seekers do not revise their beliefs downward … when remaining unemployed. We then develop a reduced-form statistical framework where we exploit the joint observation of …

Unemployment," i.e., the extent to which increased unemployment during a recession arises from an increase in the number of …One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we replicate and extend …

This paper documents the abnormally slow recovery in the labor market during the Great Recession, and analyzes how … poor labor market to a better labor market. We find that modifications raise the unemployment rate by about 0.5 percentage … individuals losing skills as unemployment duration is longer …

We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with … moral hazard cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests … standard deviation increase in the unemployment rate leads to a roughly 14 to 27 percentage point increase in the welfare …