Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Labor, Jobs, and the Modern Economy: Discussion Section with Kevin Murphy and Casey Mulligan

Labor, Jobs, and the Modern Economy: Discussion Section with Kevin Murphy and Casey Mulligan

Policy can have the best of intentions but the most unexpected of outcomes; a prescription to promote welfare in one area may have consequences in another part of the economy. Casey Mulligan and Kevin Murphy discuss how extended unemployment insurance and healthcare reform following the financial crisis worked as unexpected disincentives in the labor market.