Nearly two years after the official end of the "Great Recession," the labor marketremains historically weak. One candidate explanation is supply-side effects driven bydramatic expansions of Unemployment Insurance (UI) benefit durations, to as many as 99 weeks. This paper investigates the effect...

Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that “structural†impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence...