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 …

cross-country calibration of search models of unemployment. We find that cross-country differences in job-finding rates are … unemployment and labor force participation rates to impute steady-state worker flows for twenty-three of the countries in our …

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. …

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