Unemployment Insurance And The Recession

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Unemployment Insurance Reform

Author : David E. Balducchi,Christopher J. O'Leary,Suzanne Simonetta,Wayne Vroman
Publisher : W.E. Upjohn Institute
Page : 247 pages
File Size : 50,5 Mb
Release : 2018-09-11
Category : Political Science
ISBN : 9780880996525

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Unemployment Insurance Reform by David E. Balducchi,Christopher J. O'Leary,Suzanne Simonetta,Wayne Vroman Pdf

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 However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair.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.

The Impact of Unemployment in the 1958 Recession

Author : University of Michigan. Survey Research Center
Publisher : Unknown
Page : 88 pages
File Size : 40,5 Mb
Release : 1960
Category : Unemployed
ISBN : UOM:49015001128892

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The Impact of Unemployment in the 1958 Recession by University of Michigan. Survey Research Center Pdf

Unemployment Insurance in the Wake of the Recent Recession

Author : Congressional Budget Office
Publisher : Createspace Independent Pub
Page : 28 pages
File Size : 43,5 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.

Unemployment Insurance as an Economic Stabilizer

Author : Lawrence Chimerine
Publisher : Unknown
Page : 152 pages
File Size : 40,7 Mb
Release : 1999
Category : Insurance, Unemployment
ISBN : UIUC:30112018118791

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Unemployment Insurance as an Economic Stabilizer by Lawrence Chimerine Pdf

Unemployed and Uninsured

Author : Isaac Shapiro,Marion E. Nichols
Publisher : Unknown
Page : 62 pages
File Size : 43,9 Mb
Release : 1991
Category : Insurance, Unemployment
ISBN : UIUC:30112085919386

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Unemployed and Uninsured by Isaac Shapiro,Marion E. Nichols Pdf

Unemployment Insurance and the Recession

Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources
Publisher : Unknown
Page : 112 pages
File Size : 51,9 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

Unemployment Insurance

Author : Sigurd R. Nilsen,United States. General Accounting Office
Publisher : Unknown
Page : 24 pages
File Size : 46,5 Mb
Release : 1990
Category : Insurance, Unemploment
ISBN : UIUC:30112033963973

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Unemployment Insurance by Sigurd R. Nilsen,United States. General Accounting Office Pdf

Strengths of the Social Safety Net in the Great Recession

Author : Christopher J. O'Leary,David Stevens,Stephen A. Wandner,Michael Wiseman
Publisher : W.E. Upjohn Institute
Page : 429 pages
File Size : 53,9 Mb
Release : 2019-08-22
Category : Political Science
ISBN : 9780880996631

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Strengths of the Social Safety Net in the Great Recession by Christopher J. O'Leary,David Stevens,Stephen A. Wandner,Michael Wiseman Pdf

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.

Canada's Declining Social Safety Net

Author : Lars Osberg
Publisher : Unknown
Page : 26 pages
File Size : 51,8 Mb
Release : 2009
Category : Job creation
ISBN : 1897569696

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Canada's Declining Social Safety Net by Lars Osberg Pdf

Unemployment Insurance and Its Antipoverty Effects

Author : Alan D. MacKenna
Publisher : Unknown
Page : 0 pages
File Size : 53,9 Mb
Release : 2011
Category : Economic assistance, Domestic
ISBN : 1614703515

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Unemployment Insurance and Its Antipoverty Effects by Alan D. MacKenna Pdf

This book examines the antipoverty effects of unemployment insurance (UI) benefits over the past three recessions. The analysis especially focuses on the most recent recession, from which the economy has only just begun to recover. It highlights the impact of the additional and expanded benefits available to unemployed workers in response to the most recent recession. A period of unemployment greatly increases the odds that a worker and members of the worker's family will be counted among the nation's poor. A variety of social insurance benefits may be available for unemployed workers. UI benefits provide a cash supplement to replace a portion of lost wages to qualified unemployed individuals. Two main objectives of the joint federal-state unemployment insurance program are to provide temporary and partial wage replacement to involuntarily unemployed workers and to stabilize the economy during recessions.

Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties

Author : Klaus-Peter Hellwig
Publisher : International Monetary Fund
Page : 35 pages
File Size : 47,6 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.

Canada's Unemployment Insurance Program as an Economic Stabilizer

Author : Ernie Stokes,Canada. Human Resources Development Canada
Publisher : Unknown
Page : 54 pages
File Size : 47,7 Mb
Release : 1995
Category : Economic stabilization
ISBN : UCSD:31822021575089

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Canada's Unemployment Insurance Program as an Economic Stabilizer by Ernie Stokes,Canada. Human Resources Development Canada Pdf