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 … at the roots of crime" by providing subsistence income to needy families. After constructing a panel data set for 81 … on crime rates. The analysis suggests that a ten percent increase in relief spending during the 1930s lowered property …

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 …

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

, primarily through an increase in guilty pleas. Pre-trial detention has no detectable effect on future crime, but decreases pre …-trial crime and failures to appear in court. We also find suggestive evidence that pre-trial detention decreases formal sector …