The abstract of a recent NBER working paper (emphasis added):
We exploit a policy discontinuity at US terra firma borders to pose the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent growth inward unemployment during the Great Recession tin hold out accounted for past times the unprecedented extensions of unemployment produce goodness eligibility. In contrast to the existing recent literature that mainly focused on estimating the effects of produce goodness duration on project search as well as credence strategies of the unemployed -- the micro final result -- nosotros focus on touchstone the full general equilibrium macro final result that operates primarily through the reply of project creation to unemployment produce goodness extensions. We uncovering that it is the latter final result that is real of import quantitatively.Sumber https://gregmankiw.blogspot.com/
