States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and …

This paper studies the connection between the stock market and the unemployment rate. I establish three facts. First …, the log of the real value of the S&P 500 and the log of a logistic transformation of the unemployment rate are non …-stationary cointegrated series. Second, the stock market Granger causes the unemployment rate. Third, the connection between changes in the …

This paper studies the effect of changes in economic conditions on crime. We exploit the 1990s trade liberalization in … tariff reductions experienced a temporary increase in crime following liberalization. Next, we investigate through what … channels the trade-induced economic shocks may have affected crime. We show that the shocks had significant effects on …

years, with particular focus on the Great Recession. It shows that county level unemployment rates are spatially dispersed …

The Great Depression of the 1930s led contemporaries to worry that people hit by hard times would turn to crime in … on crime rates. The analysis suggests that a ten percent increase in relief spending during the 1930s lowered property … crime by roughly 1.5 percent. By limiting the amount of free time for relief recipients, work relief was more effective than …

accessibility to appropriate jobs should shorten the duration of unemployment. We focus on lower-income workers with strong labor …

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 …

the unemployment rate and the real minimum wage; sticks are measured by felony arrests, police force and New York City …. While both economic and deterrence variables are important in explaining the decline in crime, the contribution of …