Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation and employment and a rise in unemployment …

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 …

Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation, employment, and a rise in unemployment …

Countercyclical unemployment benefit extensions in the United States act as a propagation mechanism, contributing to … both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an … otherwise standard frictional model of the labor market to incorporate a stochastic and state-dependent process for unemployment …

, unemployment remained high. In this paper, we show that countercyclical unemployment benefit extensions lead to jobless recoveries …. We augment the standard Mortensen-Pissarides model to incorporate unemployment benefits expiration and state …-dependent extensions of unemployment benefits. In the model, an extension of unemployment benefits slows down the recovery of vacancy …

the effects of unemployment benefit extensions on the labor market and attempt to reconcile their apparently disparate … unemployment rates as an exogenous variation. Unfortunately, we find that this approach falls prey to the very problems it aims to …

Countercyclical unemployment benefit extensions in the United States act as a propagation mechanism, contributing to … both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an … otherwise standard frictional model of the labor market to incorporate a stochastic and state-dependent process for unemployment …

error in unemployment rates as an exogenous variation. Unfortunately, we find that this approach falls prey to the very … the effects of unemployment benefit extensions on the labor market and attempt to reconcile their apparently disparate …