This paper studies the impact of unemployment insurance (UI) on the housing market. Exploiting heterogeneity in UI … generosity across U.S. states and over time, we find that UI helps the unemployed avoid mortgage default. We estimate that UI … losses avoided from preventing mortgage defaults …

The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …

wage loss. Collectively, the sorting and matching channels explain almost all of the Hartz reforms' effect on post …

factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important …

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 …