We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …

has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or …

of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We … the short term, but can cause a higher equilibrium unemployment rate in the long term. Employment subsidies succeed in … lowering the unemployment rate permanently, but the policy entails high fiscal costs. …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

and increased the dispersion and level of unemployment during the Great Recession. We construct an equilibrium model of … prices reduces migration and causes unemployment to rise differently in different locations. The model accounts for 90 … percent of the increase in geographical dispersion of unemployment and the entire decline in net migration. However, despite …