Unemployment rates differ widely across local labor markets. I offer new empirical evidence that high local … unemployment emerges because of elevated local job losing rates. Local employers, rather than local workers, account for most of …. The estimated model accounts for over three fourths of the cross-sectional dispersion in unemployment rates, as well as …

consumption across states and times. Compared to the first best, there will be too little search. Optimal unemployment programs … welfare and may even increase GDP. Our analytical results suggest that welfare is higher if the unemployment benefits program … includes income-contingent unemployment loans (ICL), where the amount repaid depends on the individual's future income. Such …

non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit … similar average inflation and unemployment expectations as well as similar levels of disagreement and sensitivity to …

(i.e., unemployment) and easily integrates into theoretical models. We apply our filter to a unique linkage of 23.5m SSA … of persistent earnings losses associated with full year unemployment has increased by 50%. Using geography, education …