This paper proposes a simple two-step estimation method (Climate Adaptive Response Estimation - CARE) to estimate …

adjustment costs can cause a mean-preserving increase in unemployment risk to lead to increased consumption. The predictions of … risk as their unemployment shocks are more highly correlated. Such couples spend more on owner-occupied housing than other … higher moving costs, or when unemployment insurance provides a less generous safety net …

the minimum wage on teenage unemployment, or its relative impact on black and white teenagers. The purpose of this paper … unemployment rates of teenagers, we explore several related issues: the relative importance of changing the level and coverage of …

It is well known that unemployment benefits raise unemployment durations. This result has traditionally been … hazard. This paper questions this interpretation by showing that unemployment benefits can also affect durations through an … proxies such as asset holdings. I find that increases in unemployment benefits have small effects on durations in the …

previous employer, causing firms to discriminate in monitoring. We confirm the model's prediction that the unemployment hazard … longer unemployment durations for blacks, are known to be strongly empirically supported.Institutional subscribers to the …