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The Effect of Unemployment Benefits on the Duration of Unemployment Insurance Receipt: New Evidence from a Regression Kink Design in Missouri, 2003-2013

By David Card, Andrew Johnston, Pauline Leung, Alexandre Mas, and Zhuan Pei

American Economic Review, May 2015

We provide new evidence on the effect of the unemployment insurance (UI) weekly benefit amount on unemployment insurance spells based on administrative data from the state of Missouri covering the period 2003-2013. Identification comes from a regression k...

Recall and Unemployment

By Shigeru Fujita and Giuseppe Moscarini

American Economic Review, December 2017

We document in the Survey of Income and Program Participation covering the period 1990–2013 that a surprisingly large share of workers return to their previous employer after a jobless spell, and experience very different unemployment and employment...

Downward Nominal Wage Rigidity and the Case for Temporary Inflation in the Eurozone

[Symposium: The Euro]

By Stephanie Schmitt-Grohé and Martin Uribe

Journal of Economic Perspectives, Summer 2013

Since the onset of the Great Recession in peripheral Europe, nominal hourly wages have not fallen from the high levels they had reached during the boom years -- this in spite of widespread increases in unemployment. This observation evokes a well-known ...

Longer-Term Impacts of Mentoring, Educational Services, and Learning Incentives: Evidence from a Randomized Trial in the United States

By Núria Rodríguez-Planas

American Economic Journal: Applied Economics, October 2012

This paper reports on a randomized evaluation of a program designed to improve high school graduation and postsecondary education enrollment among low-performing high school students. Treated youths were offered mentoring, educational services, and financ...

Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels

By Steven J. Davis and James A. Kahn

Journal of Economic Perspectives, Fall 2008

Most advanced economies have experienced a striking decline in the volatility of aggregate economic activity since the early 1980s. Volatility reductions are evident for output and employment at the aggregate level and across most industrial sectors and e...

Debt Constraints and the Labor Wedge

By Patrick Kehoe, Virgiliu Midrigan, and Elena Pastorino

American Economic Review, May 2016

Changes in household debt and employment across regions of the U.S. during the Great Recession are highly correlated: regions where the decrease in household debt was most pronounced were also regions where the decline in employment was most severe. We sh...

Deregulation and the Labor Market

[Symposium: Legacy of Deregulation]

By James Peoples

Journal of Economic Perspectives, Summer 1998

This paper examines the earnings and employment effect of deregulation in the trucking, railroad, airlines, and telecommunications industries. Findings on nonmanagement workers suggest labor earnings fell sharply in trucking, somewhat in airlines, slightl...