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The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … of unemployment, adjusted for unique features of the virus economy. The possible paths vary widely, but absent hiring …
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In response to the 2007-09 “Great Recession,” the maximum duration of U.S. unemployment benefits was increased from the normal level of 26 weeks to an unprecedented 99 weeks. I estimate the impact of these extensions on job search, comparing them with the more limited extensions associated...
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In response to the Great Recession and sustained labor market downturn, the availability of unemployment insurance (UI) benefits was extended to historical highs in the United States. We exploit variation in the timing and size of UI benefit extensions across states to estimate the overall...
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