The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

unemployment. In the optimal welfare program, assisted search is implemented between an initial spell of private search … (unemployment insurance) and a final spell of pure income support where search effort is not elicited. To be effective, job …

will be supplied. Will the unemployment rate, which has declined at roughly one percent per year, decline even faster from … has profound implications for the Federal Reserve. The unemployment rate has declined rapidly, particularly within the … last year. Faster real GDP growth will accelerate the decline in the unemployment rate and soon reduce it beyond any …

This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the …

against unemployment and for positions requiring a college education. …

estimated unemployment rate for earlier rotation groups has grown sharply relative to the unemployment rate for later rotation … unemployment rate by rotation group and find that, despite the rise in rotation group bias, the official unemployment does no worse …