Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …

.g., by reducing the threat of unemployment after management opposition or employer retaliation in response to a unionization …

job stayers is mostly accounted for by great wage adjustments during the period when the unemployment rate reaches a …

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long … therefore greatly declines, leading to a large decrease in job vacancies and an increase in unemployment of the same magnitude …