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 …

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start … offshoring across occupations. Finally, we survey the literature that examines how offshoring affects employment and displacement …

We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of … simulate the unemployment rate assuming no market-level externalities. The simulated response closely approximates the … estimated change in the unemployment rate following the benefit cut, suggesting that even in a period of high unemployment the …

By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering … this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data … and find that they increased the unemployment rate by at most 0.3 percentage point …

We measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the … benefit duration leads to a statistically significant increase of employment by 0.019 log points. In levels, 2.1 million … individuals secured employment in 2014 due to the benefit cut. More than 1.1 million of these workers would not have participated …

We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and … when initial durations are shorter have substantial effects on the unemployment rate and the number of people receiving UI …