I extend a labor-market search and matching model of equilibrium with unemployment insurance (UI) program to incorporate the choice to participate in the labor market. UI reform that lowers the UI payment increases search intensity but discourages labor-market participation. Reducing UI payments...

In 2013, the state of North Carolina reformed its state Unemployment Insurance (UI) program by reducing the maximum number of payment weeks and reducing the maximum weekly insurance payment. This paper investigates two hypotheses associated with such reform. The first hypothesis is a...

Azerbaijan has enjoyed a rapid run-up in government revenues from oil and natural-gas production in the period since 2005. Theory predicts that this run-up will trigger the Dutch Disease among Azerbaijani producers. In this paper, we report the initial findings of a survey of Azerbaijani...

Quarterly evidence on participation in IMF programs for the period 1974-2003 is examined statistically using the techniques of hazard analysis and error-correction estimation. Three hypotheses are proposed and tested, and the results support a quot;revolving doorquot; explanation of...