Study finds Unemployment Insurnace(UI) had little to no impact on job finding, contradicting the theory that unemployment benefits incentivize people to stay unemployed and also suggests that temporary benefit supplements are a promising tool for countering economic downturns.
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#UnemploymentInsurance #JobMarketResearch #EconomicPolicy #JobSearch #TemporaryBenefits
Read Full Article
#UnemploymentInsurance #JobMarketResearch #EconomicPolicy #JobSearch #TemporaryBenefits
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Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data
(September 2024) - We show that the largest increase in unemployment benefits in US history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending…
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