The Great Recession has renewed interest in unemployment insurance (UI) programs
around the world. At the same time, there have been important advances in both theory and …

With the emergence of the Great Recession unemployment insurance (UI) is once again at
the heart of the policy debate. In this paper, we review the recent theoretical and empirical …

Many have argued that digital technologies such as smartphones and social media are
addictive. We develop an economic model of digital addiction and estimate it using a …

Using de-identified bank account data, we show that spending drops sharply at the large
and predictable decrease in income arising from the exhaustion of unemployment insurance …

The debate about behavioral economics–the incorporation of insights from psychology into
economics–is often framed as a question about the foundational assumptions of economic …

We review research that measures time preferences—ie, preferences over intertemporal
trade—offs. We distinguish between studies using financial flows, which we call “money …

Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We
describe models of intertemporal choice, identify empirical regularities in choice, and pose …

The research in Psychology and Economics (aka Behavioral Economics) suggests that
individuals deviate from the standard model in three respects:(1) nonstandard …

We propose a model of job search with reference-dependent preferences, with loss aversion
relative to recent income (the reference point). In this model, newly unemployed individuals …

How do consumers choose from a menu of contracts? We analyze a novel dataset from
three US health clubs with information on both the contractual choice and the day-to-day …