Download Full eBooks in PDF
Economic Impact Of Recent Temporary Unemployment Insurance Extensions Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Economic Impact Of Recent Temporary Unemployment Insurance Extensions book. This book definitely worth reading, it is an incredibly well-written.
Author : Anonim
Publisher : DIANE Publishing
Page : 19 pages
File Size : 42,9 Mb
Release : 2024-07-03
Category : Electronic
ISBN : 9781437943627
Author : Council of Economic Advisers (U.S.)
Publisher : Unknown
Page : 16 pages
File Size : 41,5 Mb
Release : 2010
Category : Unemployment insurance
ISBN : OCLC:692637723
Author : Congressional Budget Office
Publisher : Createspace Independent Pub
Page : 28 pages
File Size : 54,6 Mb
Release : 2014-11-29
Category : Social Science
ISBN : 1505261643
The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker's past earnings. The Congressional Budget Office (CBO) estimates that UI benefits totaled $94 billion in fiscal year 2012 (when the unemployment rate was 8.3 percent, on average), a substantial increase over the $33 billion paid out in fiscal year 2007 (when the unemployment rate was 4.5 percent, on average).The periods for which eligible workers can receive UI benefits have been repeatedly extended during the recent recession and its aftermath. Regular UI benefits generally last up to 26 weeks (see Summary Table 1). Additional weeks of benefits have been provided through the creation of the temporary Emergency Unemployment Compensation (EUC) program in 2008 and through modifications to the extended benefits (EB) program. The EUC program currently provides up to 47 weeks of additional benefits (depending on a state's unemployment rate) after regular UI benefits have been exhausted. The EB program provides up to 20 weeks of benefits to certain eligible workers who have exhausted their EUC benefits (temporary changes in law have made it easier for states to qualify to provide extended benefits and have made the funding for the EB program entirely federal). The benefits the three programs provide—at a total cost over the past five years of roughly $520 billion—have allowed households to better maintain their consumption while household members are unemployed. Under current law, the temporary benefits that have been provided in recent years are set to expire at the end of December 2012.
Author : Klaus-Peter Hellwig
Publisher : International Monetary Fund
Page : 35 pages
File Size : 49,8 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513572680
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.
Author : Andreas Pollak
Publisher : Mohr Siebeck
Page : 204 pages
File Size : 41,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 3161493044
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.
Author : Monica Townson,Kevin Hayes
Publisher : Unknown
Page : 38 pages
File Size : 46,9 Mb
Release : 2007
Category : Labor supply
ISBN : OCLC:1059237649
Author : Herman Royer Professor of Political Economy David H Romer,Professor of Economics and Public Policy Justin Wolfers
Publisher : Brookings Institution Press
Page : 425 pages
File Size : 49,5 Mb
Release : 2012-05-04
Category : Business & Economics
ISBN : 9780815723714
"Brookings Papers on Economic Activity" (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents include - Recessions and the Costs of Job Loss Steve Davis (University of Chicago) and Til von Wachter (Columbia University) - What Do Small Businesses Do? Erik Hurst and Benjamin Wild Pugsley (University of Chicago) - Unemployment Insurance and Job Search in the Great Recession Jesse Rothstein (University of California-Berkeley) - The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy Arvind Krishnamurthy and Annette Vissing-Jorgenson (Northwestern University) - Practical Monetary Policy: Examples from Sweden and the United States Lars E. O. Svensson (Sveriges Riksbank) - The Labor Market in the Great Recession--An Update to September 2011 Michael. W. L. Elsby (University of Edinburgh), Bart Hobijn (Federal Reserve Bank of San Francisco), Ay egul ahin (Federal Reserve Bank of New York), and Robert B. Valletta (Federal Reserve Bank of San Francisco) - The Income- and Expenditure-Side Estimates of U.S. Output Growth--An Update to 2011Q2 Jeremy J. Nalewaik (Board of Governors of the Federal Reserve System)"
Author : United States. Congress
Publisher : Unknown
Page : 1418 pages
File Size : 44,5 Mb
Release : 1958
Category : Law
ISBN : HARVARD:32044116501347
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Author : David E. Balducchi,Christopher J. O'Leary,Suzanne Simonetta,Wayne Vroman
Publisher : W.E. Upjohn Institute
Page : 247 pages
File Size : 53,8 Mb
Release : 2018-09-11
Category : Political Science
ISBN : 9780880996525
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.
Author : Casey B. Mulligan
Publisher : Oxford University Press
Page : 364 pages
File Size : 52,8 Mb
Release : 2012-11-29
Category : Business & Economics
ISBN : 9780199942213
"Major subsidies and regulations intended to help the poor and unemployed were changed in more than a dozen ways after 2007. Economist Casey B. Mulligan argues that many of these changes were reasonable reactions to economic events, with the intention of helping people endure the recession, but they also reduced incentives for people to work and businesses to hire. He measures the startling changes in implicit tax rates that resulted from a labyrinth of new and expanded 'social safety net' programs, and quantifies the effects of these changes on the labor market and the economy. He also reveals how borrowers can expect their earnings to affect the amount that lenders will forgive in debt renegotiation, and how this has acted as a massive implicit tax on earning. He explains how redistribution in the forms of subsidies, taxes and minimum-wage laws profoundly altered the path of the economy and made the recent recession one of the deepest and longest in decades. The Redistribution Recession is a controversial, clear-cut, and thoroughly researched analysis of the effects of various government policies on the labor market. It offers ground-breaking interpretations and precise explanations of the interplay between unemployment and financial markets."--Jacket.
Author : Mr.Romain A Duval,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 58 pages
File Size : 48,9 Mb
Release : 2019-05-21
Category : Business & Economics
ISBN : 9781498315203
This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.
Author : United States. Bureau of Labor Statistics,Carol B. Kalish
Publisher : Unknown
Page : 24 pages
File Size : 49,9 Mb
Release : 1967
Category : Labor
ISBN : UIUC:30112101926365
Author : Christopher Foote
Publisher : DIANE Publishing
Page : 53 pages
File Size : 45,9 Mb
Release : 2009
Category : Law
ISBN : 9781437928778
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.
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Income Security and Family Support
Publisher : Unknown
Page : 96 pages
File Size : 47,6 Mb
Release : 2009
Category : Business & Economics
ISBN : PSU:000066752615
Author : OECD
Publisher : OECD Publishing
Page : 368 pages
File Size : 47,7 Mb
Release : 2020-07-07
Category : Electronic
ISBN : 9789264353206
The 2020 edition of the OECD Employment Outlook focuses on worker security and the COVID-19 crisis.