Extending Unemployment Compensation Benefits During Recessions

Author : Julie M. Whittaker,Katelin P. Isaacs
Publisher : Createspace Independent Pub
Page : 42 pages
File Size : 52,5 Mb
Release : 2012-12-01
Category : Political Science
ISBN : 1481144642

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Extending Unemployment Compensation Benefits During Recessions by Julie M. Whittaker,Katelin P. Isaacs Pdf

This report describes the history of temporary federal extensions to unemployment benefits from 1980 to the present. Among these extensions is the Emergency Unemployment Compensation (EUC08) program created by P.L. 110-252 (amended by P.L. 110-449, P.L. 111-5, P.L. 111-92, P.L. 111-118, P.L. 111-144, P.L. 111-157, P.L. 111-205, P.L. 111-312, P.L. 112-78, and P.L. 112-96). This report contains five sections. The first section provides background information on unemployment compensation (UC) benefits. It also provides a brief summary of UC benefit exhaustion and how exhaustion rates are related to the business cycle. The second section provides the definition of a recession as well as the determination process for declaring a recession. It also provides information on the timing of all recessions since 1980. The third section summarizes the legislative history of federal extensions of unemployment benefits. It includes information on the permanently authorized extended benefit (EB) program as well as information on temporary unemployment benefit extensions. It also includes a brief discussion on the role of extended unemployment benefits as part of an economic stimulus package. The fourth section provides figures examining the timing of recessions and statistics that may be considered for determining extending unemployment benefits. The fifth section briefly discusses previous methods for financing these temporary programs. In particular it attempts to identify provisions in temporary extension legislation that may have led to increases in revenue or decreases in spending related to unemployment benefits.

Author : Julie M. Whittaker
Publisher : Unknown
Page : 23 pages
File Size : 42,5 Mb
Release : 2008
Category : Electronic books
ISBN : OCLC:1055260394

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Extending Unemployment Compensation Benefits During Recessions by Julie M. Whittaker Pdf

Author : Congressional Budget Office
Publisher : Createspace Independent Pub
Page : 28 pages
File Size : 47,6 Mb
Release : 2014-11-29
Category : Social Science
ISBN : 1505261643

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Unemployment Insurance in the Wake of the Recent Recession by Congressional Budget Office Pdf

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 : Julie M. Whittaker
Publisher : CreateSpace
Page : 42 pages
File Size : 44,5 Mb
Release : 2013-07
Category : Political Science
ISBN : 1490958061

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Expediting the Return to Work by Julie M. Whittaker Pdf

The most recent recession led to an unprecedented increase in the number of those unemployed for more than 26 weeks (the long-term unemployed). As a result, congressional interest in policy initiatives to expedite the return to work grew. This report examines a variety of initiatives and measures within the Unemployment Compensation (UC) program that might reduce long-term unemployment for beneficiaries. Even before the recent recession began, large numbers of UC recipients exhausted their entitlement to regular state benefits before returning to work. In 2007, one in three recipients exhausted their benefits. In the depths of the recession, more than half of the recipients exhausted their regular benefits, with most of them continuing to receive unemployment insurance benefits through federally financed extended unemployment benefits. Based on current forecasts of a slow recovery and on trends that were apparent before the recession, it appears likely that the exhaustion rate will remain well above its pre-recession level for many years to come. The adverse consequences of not being able to find new work and of exhausting benefits can be severe for the recipients themselves, as well as for government budgets in terms of lost revenue and higher expenditures, and for the economy in lost output. During and immediately following the recession, Congress provided incentives for states to adopt innovative ways of helping unemployed individuals return to work and enacted legislation that temporarily increased funding for various reemployment and training services. As the labor market continues to recover and the temporary funding ends, Congress may again consider policy initiatives that go beyond income replacement. These may include strategies that would speed up the reemployment of recipients who will not be returning to their previous employers. After a brief description of the federal-state unemployment insurance system, this report examines trends in the duration of unemployment benefits and then reviews a wide range of approaches for speeding the return to work. The report emphasizes measures that have recently been considered by lawmakers or have been tried on an experimental basis, particularly if evaluations of their impacts on duration of UC benefit receipt are available.

Author : Walter Corson,Walter Nicholson
Publisher : Unknown
Page : 174 pages
File Size : 49,7 Mb
Release : 1980
Category : Supplemental unemployment benefits
ISBN : IND:39000001953871

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Extending Unemployment Insurance Benefits During Recessions by Walter Corson,Walter Nicholson Pdf

Author : William J. Carrington
Publisher : Unknown
Page : 26 pages
File Size : 40,5 Mb
Release : 2012
Category : Unemployment
ISBN : OCLC:827009916

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Unemployment insurance in the wake of the recent recession by William J. Carrington Pdf

Author : Anonim
Publisher : DIANE Publishing
Page : 86 pages
File Size : 51,7 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781437943375

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Role of Unemployment Insurance as an Automatic Stabilizer During a Recession by Anonim Pdf

Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources
Publisher : Unknown
Page : 112 pages
File Size : 52,8 Mb
Release : 1991
Category : Insurance, Unemployment
ISBN : PSU:000017878753

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Unemployment Insurance and the Recession by United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources Pdf

Author : Merrill G. Murray
Publisher : Unknown
Page : 102 pages
File Size : 44,7 Mb
Release : 1974
Category : Business & Economics
ISBN : STANFORD:36105044312804

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The Duration of Unemployment Benefits by Merrill G. Murray Pdf

Report on the problem of the time factor in unemployment benefit for the long term unemployed in the USA - cites the regular duration for benefits as provided by state laws, discusses the provision of extended benefits during economic recessions, the problem of financing such benefits, etc., and considers proposals for extended benefits at all times. References and statistical tables.

Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources
Publisher : Unknown
Page : 112 pages
File Size : 54,7 Mb
Release : 1992
Category : Business & Economics
ISBN : PSU:000020339722

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Extension of the Emergency Unemployment Compensation Program by United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources Pdf

Distributed to some depository libraries in microfiche.

Author : Jesse Rothstein,Robert G. Valletta
Publisher : Unknown
Page : 57 pages
File Size : 54,7 Mb
Release : 2017
Category : Disability insurance
ISBN : OCLC:991619941

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Scraping By by Jesse Rothstein,Robert G. Valletta Pdf

Many Unemployment Insurance (UI) recipients do not find new jobs before exhausting their benefits, even when benefits are extended during recessions. Using SIPP panel data covering the 2001 and 2007-09 recessions and their aftermaths, we identify individuals whose jobless spells outlasted their UI benefits (exhaustees) and examine household income, program participation, and health-related outcomes during the six months following UI exhaustion. For the average exhaustee, the loss of UI benefits is only slightly offset by increased participation in other safety net programs (e.g., food stamps), and family poverty rates rise substantially. Self-reported disability also rises following UI exhaustion. These patterns do not vary dramatically across the UI extension episodes, household demographic groups, or broad income level prior to job loss. The results highlight the unique, important role of UI in the U.S. social safety net.

Author : James R. Storey
Publisher : Unknown
Page : 42 pages
File Size : 44,7 Mb
Release : 1993
Category : Unemployment insurance
ISBN : CORNELL:31924066750732

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Unemployment Compensation by James R. Storey Pdf

Author : Walter Corson,Walter Nicholson
Publisher : W. E. Upjohn Institute
Page : 136 pages
File Size : 43,6 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015004110865

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The Federal Supplemental Benefits Program by Walter Corson,Walter Nicholson Pdf

This monograph evaluates the overall performance of the Federal Supplemental Benefits (FSB) program and provides a general framework for future consideration of emergency supplemental benefits programs. Following an introduction that provides a summary of findings detailed in the paper, the monograph is divided into five chapters. Chapter 2 provides a historical summary of legislation concerning unemployment benefits duration. It stresses the expanding federal role in such policies and points out assumptions believed to have prompted this expansion. Chapter 3 briefly describes characteristics and labor market experiences of individuals who collected benefits under FSB. Chapter 4 discusses the general allocational effects of extended benefits programs and examines specific effects of the FSB program. Chapter 5 considers the distributional impact of FSB by examining how well it compensated workers for recession-induced unemployment and whether it prevented poverty among lowest income FSB recipients. FSB's relationship to welfare programs is also considered. Chapter 6 provides an overall assessment of FSB by addressing seven basic questions policy makers will have to answer in future recessions. A brief discussion of alternative policies during recessions is included. (YLB)

Author : Klaus-Peter Hellwig
Publisher : International Monetary Fund
Page : 35 pages
File Size : 54,7 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513572680

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Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties by Klaus-Peter Hellwig Pdf

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 : Thomas Gabe,Julie M. Whittaker
Publisher : Createspace Independent Pub
Page : 44 pages
File Size : 49,5 Mb
Release : 2012-10-20
Category : Political Science
ISBN : 1480151858

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Antipoverty Effects of Unemployment Insurance by Thomas Gabe,Julie M. Whittaker Pdf

This report examines the antipoverty effects of unemployment insurance benefits during the past recession and the economic recovery. The analysis highlights the impact of the additional and expanded unemployment insurance (UI) benefits available to unemployed workers through the American Recovery and Reinvestment Act (ARRA; P.L. 111-5) and the Emergency Unemployment Compensation (EUC08) program (Title IV of P.L. 110-252). In 2011, approximately 56% of all unemployed individuals were receiving UI benefits (down from a high of 66% in 2010) and thus were directly affected by legislative changes to the UI system. UI benefits appear to have a large poverty-reducing effect among unemployed workers who receive them. Given the extended length of unemployment among jobless workers, the additional weeks of UI benefits beyond the regular program's 26-week limit appear to have had an especially important effect in poverty reduction. Estimates presented in this report are based on Congressional Research Service (CRS) analysis of 25 years of data from the U.S. Census Bureau's Annual Social and Economic Supplement to the Current Population Survey (CPS/ASEC), administered from 1988 to 2012. The period examined includes the three most recent economic recessions. This report contributes to recent research on the antipoverty effects of unemployment insurance in several ways. Its period of analysis allows comparisons across the three most recent recessions. The report includes estimates of the effects on the poverty rate for the unemployed, for those receiving UI, and for families that report at least one family member receiving UI. It also estimates how much of reported UI benefits went directly to decreasing family poverty levels. This report's analysis shows that UI benefits appear to reduce the prevalance of poverty significantly among the population that receives them. The UI benefits' poverty reduction effects appear to be especially important during and immediately after recessions. The analysis also finds that there was a markedly higher impact on poverty in the most recent recession than in the previous two recessionary periods. The estimated antipoverty effects of UI benefits in 2011 were about 50% higher than that of two previous peak years of unemployment—1993 and 2003. In 2011, over one quarter (26.5%) of unemployed people who received UI benefits would have been considered poor prior to taking UI benefits into account; after counting UI benefits, their poverty rate decreased by just under half, to 13.8%. UI receipt affects not only the poverty status of the person receiving the benefit, but the poverty status of all related family members, as well. In 2011, while an estimated 10.2 million people reported UI receipt during the year, an additional 15.8 million family members lived with the 10.2 million receiving the benefit. Consequently, UI receipt in 2011 affected the income status of some 26.0 million persons. In 2011, the poverty rate for persons in families who had received unemployment benefits was almost 40% less than it otherwise would have been. In 2011, UI benefits lifted an estimated 2.3 million people out of poverty, of which well over one quarter (26.8%; 620,000) were children living with a family member who received UI benefits.