This paper investigates the optimal retirement of an individual in the presence of involuntary unemployment risks and … involuntary unemployment risks and frictions in unemployment insurance markets. Using reasonably calibrated parameters, we observe … that high involuntary unemployment intensity and loading factors could be important explanations for the empirical findings …

state-level initial unemployment insurance claims, changes in the unemployment rate, and changes in private employment. The …

causes deficient aggregate demand and thereby unemployment in the presence of nominal wage stickiness attributable to union … wage setting. In this long-run stagnation, generous unemployment benefits reduce unemployment. Moreover, paradoxically …, unemployment declines if labor unions give more weight to nominal wage gains compared with employment increases …

We analyze the general equilibrium effects of countercyclical unemployment benefit policies. Our heterogenous …-agent model features costly job search with imperfect insurance of unemployment risk and individual savings. Our model predicts …: (1) the additional unemployment under a countercyclical policy relative to that under an acyclical policy to be a …

This paper investigates the impact of endogenous unemployment insurance (UI) extensions on the dynamics of unemployment … for the maximum UI duration to depend on unemployment and for UI benefits to depend on worker characteristics. UI … extensions have a large effect on long-term unemployment during the Great Recession via job search responses and a moderate …

Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their …

in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … high unemployment, low geographical mobility and high unemployment insurance, and one "American" steady-state featuring low … unemployment, high mobility and low unemployment insurance …

We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …

The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … productivity of the unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …

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 …