We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … efficient separations that holds in leading theories of job separations, frictional unemployment, and job ladders. We draw on …

While many employees risk losing their job and having their career disrupted due to employers' financial distress, it … costs of financial distress depend on employees learning and acting on future layoff risk. To this end, we use random … from taxes and transfers. To assess the value of information, we estimate a model where risk averse workers learn about …