The Great Recession has renewed interest in unemployment insurance (UI) programs
around the world. At the same time, there have been important advances in both theory and …

With the emergence of the Great Recession unemployment insurance (UI) is once again at
the heart of the policy debate. In this paper, we review the recent theoretical and empirical …

This article studies the role of employer behavior in generating “negative duration
dependence”—the adverse effect of a longer unemployment spell—by sending fictitious …

This book focuses on the modeling of the transitions in and out of unemployment, given the
stochastic processes that break up jobs and lead to the formation of new jobs, and on the …

Contrary to standard search models predictions, past studies have not found a positive effect
of unemployment insurance (UI) on reemployment wages. We estimate a positive UI wage …

Previous research on unemployment insurance (UI) has focused on the costs of the
program, in terms of the distorting effects of generous UI benefits on worker and firm …

Post-World War II European welfare states experienced several decades of relatively low
unemployment, followed by a plague of persistently high unemployment since the 1980s …

This paper constructs a tractable general equilibrium model of search with risk aversion. An
increase in risk aversion reduces wages, unemployment, and investment. Unemployment …

This paper considers the design of an optimal unemployment insurance system. The
problem is modeled as a repeated principalagent problem involving a risk-averse agent-the …

This paper argues that unemployment insurance increases labor productivity by
encouraging workers to seek higher productivity jobs, and by encouraging firms to create …