of labor policies (and other changes in the economy) on the composition of unemployment and on unemployment duration, as … well as on wage distributions. The effect of introducing a simple unemployment insurance scheme is then twofold. First, it … increases unemployment by allowing a greater proportion of low types not to match, which decreases output. Second, it decreases …

In their 1993 book, Richard Vedder and Lowell Gallaway contend that US unemployment during the twentieth century can be …