KelloggInsight: What Google Is Teaching Economists About Unemployment Insurance

KelloggInsight: What Google Is Teaching Economists About Unemployment Insurance. “For decades, policymakers have debated whether unemployment insurance provides a critical safety net during tough times, or whether it prolongs joblessness by reducing people’s incentive to find new work. But, to answer this question, researchers need a clear measure of how much effort people are actually making to search for jobs. And this activity has proven difficult to track. That is why Scott R. Baker, an associate professor of finance at the Kellogg School, turned to Google—specifically, to its data on search traffic.”