spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …

Efforts to insure long-tenured displacement workers against earnings losses from unemployment spells and lower wages on …

This paper estimates the causal effect of long-term unemployment on wages. Job search theory implies that if … Unemployment Insurance (UI) extensions do not affect wages conditional on the month of unemployment exit, then reservation wages do … not bind on average. Then, UI extensions affect mean wages only through unemployment durations and are valid instrumental …