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 … effect on job vacancies. Job seekers thus faced reduced competition for jobs, a general equilibrium effect. Calibration …

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 …

We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … employment is largely offset by large crowd-out effects. However, because new firms are more productive, the reform has the …

flood risk has a large negative impact on firm entry, employment, and output in the long run; and (2) flood events reduce … output in the short run while their impact on firm entry and employment is limited. Motivated by these findings, we construct … a spatial equilibrium model to characterize how flood risk shapes firms' location choices and workers' employment, which …

rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal …I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal … and employment unless monetary policy raises the nominal interest rate. In an analysis of the U.S. economy over 2008 …