This 1982 Journal of Political Economy paper by Peter Diamond introduces a third source of macroeconomic unemployment, distinct from price/wage misperceptions or sluggish nominal adjustment: the …
This 1998 Journal of Political Economy paper by Lars Ljungqvist and Thomas Sargent argues that the persistently high unemployment that struck European welfare states from the 1980s onward reflects not …
Hansen and Imrohoroglu build a dynamic general-equilibrium economy -- deliberately designed to give unemployment insurance (UI) the most favorable possible conditions -- to compute the potential …
Online FirstReview of Economic StudiesOnline 18 Jun 2026
Seven U.S. states permanently cut unemployment insurance (UI) benefits by 30–64 percent between 2011 and 2014, providing the study's quasi-experimental variation.