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recessions allows for a more general discussion on the impact of adjustment frictions in the dual labor market and the effects …
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recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having …
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recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having …
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I examine the short-term labor market effects of the Great Lockdown in the United States. I analyze job losses by task content (Acemoglu & Autor 2011), and show that they follow underlying trends; jobs with a high non-routine content are especially well-protected, even if they are not...
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