productivity risk is greater than the value of unemployment insurance which provides (partial) insurance against employment risk …

percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0 … output multiplier whereas it can produce a realistic unemployment multiplier but only under a special parameterization …. Extending the model to strengthen the complementarity in preferences, to include unemployment benefits, real wage rigidity and …

in spending were common especially following unemployment. On average expectations about stock market prices and housing …

We measure the effect of unemployment benefit duration on employment. We exploit the variation induced by the decision …

We exploit a policy discontinuity at U.S. state borders to identify the labor market implications of unemployment …, and a rise in unemployment. …

The flow opportunity cost of moving from unemployment to employment consists of foregone public benefits and the … business cycle. The estimated cyclicality implies far less unemployment volatility in many leading models of the labor market …

unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …