has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or …

We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …

hiring and firing costs, search frictions with vacancy costs, unemployment benefits, firm entry costs, and a tax wedge …

of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We … the short term, but can cause a higher equilibrium unemployment rate in the long term. Employment subsidies succeed in … lowering the unemployment rate permanently, but the policy entails high fiscal costs. …

labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …