Recommendations For State Federal Extended Unemployment Benefits Eb During Recession Periods
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Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties
Author | : Klaus-Peter Hellwig |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2021-03-12 |
Genre | : Business & Economics |
ISBN | : 1513572687 |
I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.
Optimal Unemployment Insurance
Author | : Andreas Pollak |
Publisher | : Mohr Siebeck |
Total Pages | : 204 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9783161493041 |
Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.
Unemployment Insurance Reform
Author | : David E. Balducchi |
Publisher | : W.E. Upjohn Institute |
Total Pages | : 247 |
Release | : 2018-09-11 |
Genre | : Political Science |
ISBN | : 0880996528 |
The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.
Strengths of the Social Safety Net in the Great Recession
Author | : Christopher J. O'Leary |
Publisher | : W.E. Upjohn Institute |
Total Pages | : 429 |
Release | : 2019-08-22 |
Genre | : Political Science |
ISBN | : 0880996633 |
The contributors in this book use administrative data from six states from before, during, and after the Great Recession to gauge the degree to which Supplemental Nutrition Assistance (SNAP) and Unemployment Insurance (UI) interacted. They also recommend ways that the program policies could be altered to better serve those suffering hardship as a result of future economic downturns.
How the Financial Crisis and Great Recession Affected Higher Education
Author | : Jeffrey R. Brown |
Publisher | : University of Chicago Press |
Total Pages | : 343 |
Release | : 2015-01-08 |
Genre | : Business & Economics |
ISBN | : 022620183X |
The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
Science, the Endless Frontier
Author | : Vannevar Bush |
Publisher | : Princeton University Press |
Total Pages | : 186 |
Release | : 2021-02-02 |
Genre | : Science |
ISBN | : 069120165X |
The classic case for why government must support science—with a new essay by physicist and former congressman Rush Holt on what democracy needs from science today Science, the Endless Frontier is recognized as the landmark argument for the essential role of science in society and government’s responsibility to support scientific endeavors. First issued when Vannevar Bush was the director of the US Office of Scientific Research and Development during the Second World War, this classic remains vital in making the case that scientific progress is necessary to a nation’s health, security, and prosperity. Bush’s vision set the course for US science policy for more than half a century, building the world’s most productive scientific enterprise. Today, amid a changing funding landscape and challenges to science’s very credibility, Science, the Endless Frontier resonates as a powerful reminder that scientific progress and public well-being alike depend on the successful symbiosis between science and government. This timely new edition presents this iconic text alongside a new companion essay from scientist and former congressman Rush Holt, who offers a brief introduction and consideration of what society needs most from science now. Reflecting on the report’s legacy and relevance along with its limitations, Holt contends that the public’s ability to cope with today’s issues—such as public health, the changing climate and environment, and challenging technologies in modern society—requires a more capacious understanding of what science can contribute. Holt considers how scientists should think of their obligation to society and what the public should demand from science, and he calls for a renewed understanding of science’s value for democracy and society at large. A touchstone for concerned citizens, scientists, and policymakers, Science, the Endless Frontier endures as a passionate articulation of the power and potential of science.
Federal Supplemental Compensation Program
Author | : United States. Congress. House. Committee on Ways and Means. Subcommittee on Public Assistance and Unemployment Compensation |
Publisher | : |
Total Pages | : 292 |
Release | : 1985 |
Genre | : Supplemental unemployment benefits |
ISBN | : |
Unemployment Insurance Statistics
Author | : United States. Bureau of Employment Security |
Publisher | : |
Total Pages | : 36 |
Release | : 1967-05 |
Genre | : Unemployed |
ISBN | : |
Reducing Foreclosures
Author | : Christopher Foote |
Publisher | : DIANE Publishing |
Total Pages | : 53 |
Release | : 2009 |
Genre | : Law |
ISBN | : 1437928773 |
Takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. The authors focus on two key decisions: the borrower's choice to default on a mortgage and the lender's subsequent choice whether to renegotiate or modify the loan. Unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely to be the main reason that borrowers decide to default. The efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date. Policies designed to reduce foreclosures should focus on ameliorating the effects of job loss rather than modifying loans to make them more affordable on a long-term basis. Illustrations.