labor force participation rate, reversing a nearly 50-year trend; the nearly full recovery of unemployment from the depths …

labor force participation rate, reversing a nearly 50-year trend; the full recovery of unemployment from the depths of the …

We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of … average job finding rate and so the business cycle cost. -- Business cycle costs ; unemployment dynamics …