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

The British New Deal for Young People began in January 1998. After 6 months of unemployment, 18-24 year olds are …

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 …

Reemployment bonus experiments offer large lump sum payments to unemployment insurance (UI) recipients who find a job … Illinois and discusses the implications of the experiments for theories of unemployment and policy design. I examine the hazard … rate of exit from unemployment and find that it is significantly higher for the experimental groups, but only during the …

We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with … moral hazard cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests … standard deviation increase in the unemployment rate leads to a roughly 14 to 27 percentage point increase in the welfare …

Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation, employment, and a rise in unemployment …

During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions … increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board … implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 40%: increasing …

error in unemployment rates as an exogenous variation. Unfortunately, we find that this approach falls prey to the very … the effects of unemployment benefit extensions on the labor market and attempt to reconcile their apparently disparate …