Microeconomic evidence reveals that the incidence and duration of unemployment in the 1930s varied significantly within … the labor force. Long-term unemployment, which was especially high by historical standards, may have been exacerbated by …

I investigate why workers' probability of leaving unemployment has fallen since 1900 by estimating the impact of a … long-term, but not of short-term unemployment. Estimated hazards suggest that, consistent with a job search model, pensions … affected the probability of both entering and exiting unemployment. But, pensions mainly lowered the probability of leaving …

history that underlies various measures of historical change in corporate finance is the range of feasible relationships … over time. That changing menu has been the driving force behind the history of American corporate finance. Changes in … American corporate finance history, which is traceable to regulatory distortions that limited particular kinds of relationships …