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 …

The recent financial crisis and ensuing recession appear to have put the productive capacity
of the economy on a lower and shallower trajectory than the one that seemed to be in place …

Drawing on firm-level expectations at a one-year forecast horizon in the Survey of Business
Uncertainty (SBU), we construct novel, forward-looking reallocation measures for jobs and …

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

We estimate that unemployment insurance (UI) extensions reduce reemployment wages
using sharp age discontinuities in UI eligibility in Germany. We show this effect combines …

Long-term transition rates calculated from the Current Population Survey, the Survey of
Income and Program Participation, and Rutgers University's Work Trends Survey indicate …

Unemployment is high when financial discounts are high. In recessions, the stock market
falls and all types of investment fall, including employers' investment in job creation. The …

Like past editions, this ninth edition of Social Inequality: Forms, Causes, and Consequences
is a user-friendly introduction to the study of social inequality. This book conveys the …

We explore the role of composition, duration dependence, and labor force nonparticipation
in accounting for the sharp increase in the incidence of long-term unemployment (LTU) …

We study how the marginal welfare gain from increasing the unemployment insurance (UI)
benefit level varies over the business cycle. We do this by estimating how the moral hazard …