How the provision of unemployment benefits affects employment and unemployment is a debated issue. In this paper, we … aim at complementing theoretical and empirical contributions to this debate with a laboratory experiment: We simulate a … actively search for a job. Concerning employment, the second effect dominates so that unemployment benefits raise employment. …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … employment experience of older male workers during the past half-century. We build an equilibrium life-cycle model with labor … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in …

s and 1980s accounts for the decline in employment among older workers in the United States. Second, the interaction … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in … unemployment can be attributed to the early retirement policies that were implemented in Europe from the 1970s up until the early …

vacancy creation and employment and a rise in unemployment …Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job …

We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …

The effect of generous unemployment benefits on the propensity of individuals to stay on unemployment was hotly debated … during the COVID pandemic. This paper examines the impact of the Federal Pandemic Unemployment Compensation (FPUC) using rich … response from men. The baseline odds of exiting versus staying on unemployment rolls (holding all else constant) for females is …

States at business cycle frequency. That being so,it can also generate large procyclical fluctuations in the vacancy-unemployment … ratio. This results from two plausible explanations, namely heterogeneity in households preferences and unemployment …

We study optimal unemployment insurance (UI) over the business cycle using a heterogeneous agent job search model with …

We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of … estimates to simulate the unemployment rate assuming no market-level externalities. The simulated response, which implies almost … a one percentage point decline in the unemployment rate, closely approximates the estimated change in the unemployment …