decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …

evidence of large heterogeneities among demographic groups. Interestingly, unemployment rates in levels across demographic … groups are not necessarily aligned with the sensitivity of these demographic groups’ (un)employment and participation rates …

employment and wages in the United States. Guided by a pre-analysis plan, we document that COVID-19 increased the unemployment … their labor market outcomes affected, while workers working in proximity to coworkers are more affected. The unemployment …, these policies increased unemployment by nearly 4 percentage points, but reduced COVID-19 cases by 186,600-311,000, and …