heterogeneity and to the endogeneity of displacement. -- Job displacement ; job loss ; unemployment duration ; retirement …

acting as an information transmission mechanism. -- networks ; unemployment ; friendship ties …

"This paper studies the effect of unemployment benefits on the unemployment and subsequent employment duration using … heterogeneity. We find that recipients, relative to non-recipients, face lower exit rates from unemployment, while an additional … month in unemployment increases their subsequent employment stability. This positive correlation between previous …