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A Final Report Card on the States' Response to COVID-19
Kerpen, Phil; Moore, Stephen; Mulligan, Casey B. - National Bureau of Economic Research - 2022
Almost exactly two years ago COVID-19 spread to the United States. Following the federalism model, the 50 states and their governors and legislators made many of their own pandemic policy choices to mitigate the damage from the virus. States learned from one another over time about what policies...
Persistent link: https://www.econbiz.de/10013191023
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Has Creative Destruction Become More Destructive?
Komlos, John - 2014
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...
Persistent link: https://www.econbiz.de/10012458287
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Stock Volatility During the Recent Financial Crisis
Schwert, G. William - 2011
a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …
Persistent link: https://www.econbiz.de/10012461682
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The Recovery From The Great Recession : A Long, Evolving Expansion
Shambaugh, Jay C.; Strain, Michael R. - National Bureau of Economic Research - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012482669
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How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output
Herkenhoff, Kyle - 2016
We empirically and theoretically examine how consumer credit access affects displaced workers. Empirically, we link administrative employment histories to credit reports. We show that an increase in credit limits worth 10% of prior annual earnings allows individuals to take .15 to 3 weeks longer...
Persistent link: https://www.econbiz.de/10012456401
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Unemployment Benefits and Unemployment in the Great Recession : The Role of Macro Effects
Hagedorn, Marcus - 2013
Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation, employment, and a rise in unemployment …
Persistent link: https://www.econbiz.de/10012459133
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The ARRA : Some Unpleasant Welfare Arithmetic
Mulligan, Casey B. - 2012
foregone unemployment insurance about equally erode the rewards from retaining a job, or starting a new one …
Persistent link: https://www.econbiz.de/10012460070
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Labor Market, Financial Crises and Inflation : Jobless and Wageless Recoveries
Calvo, Guillermo A. - 2012
-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …
Persistent link: https://www.econbiz.de/10012460181
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The Cyclicality of Births and Babies' Health, Revisited : Evidence from Unemployment Insurance
Dettling, Lisa J.; Kearney, Melissa Schettini - National Bureau of Economic Research - 2023
through unemployment insurance (UI). We introduce a novel empirical test of standard neoclassical models of fertility that … the interaction of the aggregate unemployment rate with a measure of potential income replacement from UI. Our results … show that as UI benefit generosity reaches 100 percent income replacement, there is no effect of the unemployment rate on …
Persistent link: https://www.econbiz.de/10014226134
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Spending and Job-Finding Impacts of Expanded Unemployment Benefits : Evidence from Administrative Micro Data
Ganong, Peter; Greig, Fiona E.; Noel, Pascal J.; … - National Bureau of Economic Research - 2022
We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …
Persistent link: https://www.econbiz.de/10013361970