We assess the extent to which unemployment insurance (UI) serves as an automatic stabilizer to mitigate the economy's sensitivity to shocks. Using a local labor market design based on heterogeneity in local benefit generosity, we estimate that a one standard deviation increase in generosity...

We assess the extent to which unemployment insurance (UI) serves as an automatic stabilizer to mitigate the economy's sensitivity to shocks. Using a local labor market design based on heterogeneity in local benefit generosity, we estimate that a one standard deviation increase in generosity...

1. The recession and beyond : local and regional responses to the downturn / David Bailey and Caroline Chapain -- 2. The spatial impacts of the recession / Naomi Clayton -- 3. The impact of the recession on businesses / Nigel Berkeley, David Jarvis and Jason Begley -- 4. The impacts of the...