productivity in the aftermath of recessions. Our method allows us to distinguish between frontier technology and (in …The relationship between recessions and productivity has been the focus of an important body of theoretical and …-)efficiency effects of recessions. We present international evidence for a panel of 70 countries for the 1960-2000 period. Our results …

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … age groups. We then study life-cycle models in which recessions involve one or more of: (i) an aggregate permanent …

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … age groups. We then study life-cycle models in which recessions involve one or more of: (i) an aggregate permanent …

different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low … that while during recessions separations fall in both high-paying and low-paying firms, the decline is stronger among low …

recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …