Unemployment Insurance Generosity and Aggregate Employment

نویسندگان

چکیده

This paper examines the impact of unemployment insurance (UI) on aggregate employment by exploiting cross-state variation in maximum benefit duration during Great Recession. Comparing adjacent counties located neighboring states, there is no statistically significant increasing UI generosity employment. Point estimates are uniformly small magnitude, and most precise rule out employment-to-population ratio reductions excess 0.35 percentage points from extension. The results contrast with negative effects implied micro-level labor supply studies consistent both job rationing demand channels. (JEL E24, E32, J22, J23, J65)

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ژورنال

عنوان ژورنال: American Economic Journal: Economic Policy

سال: 2021

ISSN: ['1945-7731', '1945-774X', '1945-7812']

DOI: https://doi.org/10.1257/pol.20160613