December 3, 2012

Mulligan on Redistribution, Unemployment, and the Labor Market

  • Russell Roberts

    Affiliated Senior Scholar
00:00
 
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Casey Mulligan of the University of Chicago and the author of The Redistribution Recession, talks with EconTalk hostRuss Roberts about the ideas in the book. Mulligan argues that increases in the benefits available to unemployed workers explains the depth of the Great Recession that began in 2007 and the slowness of the recovery particularly in the labor market. Mulligan argues that other macroeconomic explanations ignore the microeconomic incentives facing workers and employers.