Over the past several decades, the rate at which regular unemployment insurance recipients run out of benefits before … recipients exhausted their benefits; in 2007 (with a similar unemployment rate) 35.6 percent exhausted. This paper documents the … increase in the exhaustion rate, along with the parallel rise in long-term unemployment; examines the consequences; and reviews …

This paper develops a model of unemployment fluctuations. The model keeps the architecture of the Barro and Grossman … flexible to completely rigid. With some price rigidity, aggregate demand influences unemployment through a simple mechanism … thus increases labor demand, which in turn reduces unemployment. We use the comparative-statistics predictions of the model …

workers whose labor-market experiences are punctuated by spells of involuntary unemployment. They demonstrate that such …

have greater effects in reducing local unemployment rates if the local economy is initially depressed than if the local … economy is booming. Demand shocks have greater effects on local wage rates if the local unemployment rate is initially low …