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We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …
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"The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from … which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of … unemployment are unprecedentedly long. I use data from the Displaced Workers Survey (DWS) from 1984-2010 to investigate the …
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