. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

how this framework can generate changes in unemployment and labor force participation that match those uncovered by the … empirical literature studying the “China shock.” We find that the China shock leads to average welfare increases in most U ….S. states, including many that experience elevated unemployment during the transition. However, nominal rigidities reduce the …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small …

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 …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

ambiguity of some explanatory variables. The data basis are unemployed persons leaving the unemployment register within a given … unemployment compensation play minor roles …

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 …