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 … implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 40%: increasing …

We develop a computable general equilibrium model of the United States economy to study the unemployment effects of … carbon tax on aggregate unemployment is small and similar across the two labor mobility assumptions (0.2–0.3 percentage … points). The effect on unemployment in fossil fuel sectors is much larger under the immobility assumption – a 30 percentage …

comparable reductions in frictions from unemployment. Barriers to worker mobility across firms matter for the real income gains …

This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a … unemployment durations caused by UI benefits is due to a quot;liquidity effectquot; rather than distortions in marginal incentives …

welfare. This insight leads to a novel test for the optimality of unemployment insurance based on the responsiveness of … reservation wages to unemployment benefits. Some existing estimates imply significant gains to raising the current level of … unemployment benefits in the United States, but highlight the need for more research on the determinants of reservation wages. Our …

unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar …

set of contingent claims conditional on this risk.We use the model to evaluate a tax-financed unemployment insurance … stochastic ones---generate rather limited unemployment effects, unless workers are close to indifferent between working and not …

This paper tests the effects of the level and length of unemployment insurance (UI) benefits on unemployment durations … are found to have a strong negative effect on the probability of leaving unemployment. However, the probability of leaving … unemployment rises dramatically just prior to when benefits lapse. When the length of benefits is extended, the probability of a …

We study the optimal design of unemployment insurance for workers sampling job opportunities over time. We focus on the … absolute risk aversion preferences, a very simple policy is optimal: a constant benefit during unemployment, a constant tax … liquidity to smooth their consumption; and providing unemployment subsidies that serve as insurance against the uncertain …