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

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 …

Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation and employment and a rise in unemployment …

, unemployment remained high. In this paper, we show that countercyclical unemployment benefit extensions lead to jobless recoveries …. We augment the standard Mortensen-Pissarides model to incorporate unemployment benefits expiration and state …-dependent extensions of unemployment benefits. In the model, an extension of unemployment benefits slows down the recovery of vacancy …

Countercyclical unemployment benefit extensions in the United States act as a propagation mechanism, contributing to … both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an … otherwise standard frictional model of the labor market to incorporate a stochastic and state-dependent process for unemployment …

-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the …, the countries with the best results in terms of unemployment and employment would have been those that had a more flexible …

This study examines the determinants of job-finding rates of unemployment benefit recipients under the Chilean program … the form of unemployment insurance savings accounts (UISAs) - so as to mitigate the moral hazard problem of traditional … unemployment insurance programs. Our study is the first one to empirically investigate whether UISAs improve work incentives. We …

This study examines the determinants of job-finding rates of unemployment benefit recipients under the Chilean program … the form of unemployment insurance savings accounts (UISAs) - so as to mitigate the moral hazard problem of traditional … unemployment insurance programs. Our study is the first one to empirically investigate whether UISAs improve work incentives. We …