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. …

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

properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … to the explanation of differences in unemployment rates in industrialized countries. The search and matching model is … unemployment and of jobs out of the market (the ‘job destruction’ flow). Steady-state equilibrium is at the point where the two …

This paper investigates the impact of endogenous unemployment insurance (UI) extensions on the dynamics of unemployment … for the maximum UI duration to depend on unemployment and for UI benefits to depend on worker characteristics. UI … extensions have a large effect on long-term unemployment during the Great Recession via job search responses and a moderate …

We study optimal unemployment insurance (UI) over the business cycle using a heterogeneous agent job search model with …

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