Reverse mortgages allow elderly homeowners with limited income or financial wealth to borrow against their housing wealth without downsizing or selling out and becoming a renter. Although the proportion of elderly homeowners using reverse mortgages has been increasing rapidly, only 1.4 percent...

This paper measures the effect of extensions of unemployment insurance (UI) benefits on the unemployment rate using a calibrated structural model that features job search and consumption-saving decision, skill depreciation, UI eligibility, and UI benefit extensions that capture what has happened...