the unemployment rate and the adverse labor supply effect of the pandemic is more pronounced than implied by the labor …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

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 …