EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …

of job losses, suggesting that unemployment typically comes as a surprise. …

of job losses, suggesting that unemployment typically comes as a surprise. …

We analyze the general equilibrium effects of countercyclical unemployment benefit policies. Our heterogenous …-agent model features costly job search with imperfect insurance of unemployment risk and individual savings. Our model predicts …: (1) the additional unemployment under a countercyclical policy relative to that under an acyclical policy to be a …

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …

an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …