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Competing for Endorsements

By Gene M. Grossman and Elhanan Helpman

American Economic Review, June 1999

Endorsements are a simple language for communication between interest group leaders and group members. The members, who share policy concerns, may not perfectly understand where their interests lie on certain issues. If their leaders cannot fully explain ...

Time to Ditch the NAIRU

[Symposium: The Natural Rate of Unemployment]

By James K. Galbraith

Journal of Economic Perspectives, Winter 1997

The concept of a natural rate of unemployment, or nonaccelerating inflation rate of unemployment (NAIRU), remains controversial after twenty-five years. This essay presents a brief for no-confidence, in four parts. First, the theoretical case for the natu...

Unemployment Insurance: Strengthening the Relationship between Theory and Policy

[Symposium: American Employment]

By Walter Nicholson and Karen Needels

Journal of Economic Perspectives, Summer 2006

Ever since the U.S. federal-state system of unemployment insurance was founded in the 1930s, it has provided partial, temporary replacement of wages to eligible workers who lose jobs -- through no fault of their own -- (as determined by state-level regula...