The unemployment rate is rising and job growth turned negative in January 2008. Some economists view unemployment as a minor concern while others argue it is a serious malady. This lecture presents new evidence on the lot of the unemployed, in the U.S. and other countries, including the psychological well-being of the unemployed and how the unemployed spend their time, with a particular focus on time spent searching for a new job. The effect of unemployment benefits on job search activity is considered from both a theoretical and empirical perspective.
Előadó: Alan B. Krueger, Professor of Economics and Public Affairs, Princeton Univeritsy.