This paper calculates the cost of an unemployment shock in terms of family welfare for married and single families separately and by education level. We find that, overall, families face an average annualized expected dollar equivalent welfare loss of $1,156 when the unemployment rate rises by 1...

This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...

The paper examines the role unemployment insurance (UI) parameters play in transitional labor supply decisions of individuals searching for a job. This paper compares the impact of UI parameters to the impact of other demographic variables. It also compares the relative strength of the...