This paper studies the optimal timing of unemployment insurance subsidies in a McCall search model. Risk-averse workers … sequentially sample random job opportunities. Our model distinguishes unemployment subsidies from consumption during unemployment … stationary search problems, the optimal subsidies are independent of unemployment duration. In contrast, when workers are …

We use micro data on earnings together with the details of each state's unemployment insurance (UI) system to compute … the distribution of UI benefits after the uniform $600 Federal Pandemic Unemployment Compensation (FPUC) supplement … implemented by the CARES Act. We find that between April and July 2020, 76% of workers eligible for regular Unemployment …

income arising from the exhaustion of unemployment insurance (UI) benefits. We use the high-frequency response to a …

large reforms of unemployment insurance (UI) benefit levels in Austria. We document that wages are insensitive to UI benefit … sensitivities larger than $0.03. The insensitivity holds even among workers with low wages and high predicted unemployment duration …

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

This paper studies the implications of individuals' knowledge of future job loss for the existence of an unemployment …

unemployment insurance (UI). This policy reform improved job information and sharpened bureaucratic incentives to find jobs for the … unemployment outflows. This is consistent with a model where information helps both groups, but bureaucrats were given incentives …

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 …