This paper provides independent estimates of the disincentive effects arising from the largest expansion of UI in U.S. history, the pandemic unemployment benefits.

Based on administrative data from Statistics Norway, we find economically significant shifts in households' financial portfolios around individual structural breaks in labor-income volatility.

A great uncertainty in the labor market--high unemployment risk, frequent job turnovers, and an unknown career path--prevents young workers from taking too much risk in the financial market. As labor-market uncertainty is resolved over time, workers start taking more risk in their financial portfolios.

Understanding how housing components are measured in the NIPA offers insights into recent inflation dynamics.

A progressive tax system may reduce the incentive for households to increase their income.

Several factors include labor market participation, business cycle volatility and responsiveness to the underlying economic environment.

Wage-price pass throughs may help explain why core goods inflation has risen so much faster in the current expansion than in previous ones.

Some believe declines in physical-asset prices prior to recessions make the recessions worse, but recent literature challenges the strength of that connection.

Pandemic-era unemployment insurance affected recoveries of low-wage job markets and high-wage job markets differently.

Studies suggest that short-term effects of such spending are small and long-term effects depend on an economy's sensitivity to such investment.

Unemployment insurance seems to help smooth consumer spending after a job loss, but there's disagreement on how much it discourages people from finding new jobs.

Policymakers, national pundits, and researchers often point to the importance of small firms in job creation. Did small firms play a special role in the recovery of aggregate employment during the COVID-19 pandemic?

Do the timing and length of lockdowns explain state-level differences in unemployment?

Part 4: Financial Distress and the Second Wave of COVID-19 Infections

Recent research has employed county-level data to look at the effects of federal government spending — in particular, the 2009—12 stimulus — on aggregate consumption.