Unemployment Insurance In The Wake Of The Recent Recession

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Unemployment Insurance in the Wake of the Recent Recession

Author : Congressional Budget Office
Publisher : Createspace Independent Pub
Page : 28 pages
File Size : 43,8 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.

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 : 45,6 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.

Back to Work: United States Improving the Re-employment Prospects of Displaced Workers

Author : OECD
Publisher : OECD Publishing
Page : 152 pages
File Size : 52,7 Mb
Release : 2016-12-06
Category : Electronic
ISBN : 9789264266513

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Back to Work: United States Improving the Re-employment Prospects of Displaced Workers by OECD Pdf

Job displacement (involuntary job loss due to firm closure or downsizing) affects many workers over their lifetime. This report looks at how this challenge is being tackled in the United States.

Labor Market Institutions and the Cost of Recessions

Author : Mr.Tom Krebs,Mr.Martin Scheffel
Publisher : International Monetary Fund
Page : 85 pages
File Size : 49,7 Mb
Release : 2017-04-03
Category : Business & Economics
ISBN : 9781475592245

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Labor Market Institutions and the Cost of Recessions by Mr.Tom Krebs,Mr.Martin Scheffel Pdf

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The theoretical analysis shows that an increase in JSA and a reduction in UI reduce the output cost of recessions by making the labor market more fluid along the job finding margin and thus making the economy more resilient to macroeconomic shocks. In contarst, the effect of JSA and UI on the welfare cost of recessions is in general ambiguous. The paper also provides a quantitative appliation to the German labor market reforms of 2003-2005, the so-called Hartz reforms, which improved JSA (Hartz III reform) and reduced UI (Hartz IV reform). According to the baseline calibration, the two labor market reforms led to a substantial reduction in the output cost of recessions and a moderate reduction in the welfare cost of recessions in Germany.

Ending Extreme Inequality

Author : Scott Myers-Lipton
Publisher : Routledge
Page : 193 pages
File Size : 53,5 Mb
Release : 2015-11-17
Category : Social Science
ISBN : 9781317260516

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Ending Extreme Inequality by Scott Myers-Lipton Pdf

Poverty and inequality are at record levels. Today, forty-seven million Americans live in poverty, while the median is in decline. The top 20 percent now controls 89 percent of all wealth. These conditions have renewed demands for a new economic Bill of Rights, an idea proposed by F. D. Roosevelt, Truman and Martin Luther King, Jr. The new Economic Bill of Rights has a coherent plan and proclaims that all Americans have the right to a job, a living wage, a decent home, adequate medical care, good education, and adequate protection from economic fears of unemployment, sickness and old age. Integrating the latest economic and social data, Ending Extreme Inequality explores each of these rights. Each chapter includes: an analysis of the social problems surrounding each right; a historical overview of the attempts to right these wrongs; and assessments of current solutions offered by citizens, community groups and politicians. These contemporary, real-life solutions to inequality can inspire students and citizens to become involved and open pathways toward a more just society.

Options for Reducing the Deficit

Author : United States. Congressional Budget Office
Publisher : Unknown
Page : 320 pages
File Size : 41,8 Mb
Release : 2013
Category : Budget deficits
ISBN : MINN:31951D03758890X

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Options for Reducing the Deficit by United States. Congressional Budget Office Pdf

From the Introduction: This volume presents 103 options that would decrease federal spending of increase federal revenues over the next decade. Those options cover many areas-ranging from defense to energy, Social Security, and provisions of the tax code. The budgetary effects identified for most of the options span the 10 years from 2014 to 2023 (the period covered by CBO's May 2013 baseline budget projections), although many of the options would have longer-term effects as well. Chapters 2 through 5 present options in the following categories: Chapter 2: Mandatory spending other than that for health-related programs; Chapter 3: Discretionary spending other than that for health-related programs, Chapter 4: revenues other than those related to health; Chapter 5: Health-related programs and revenue provisions. In addition to 11 options that are similar in scope to others in this volume, Chapter 5 includes 5 broad approaches for reducing spending on health care programs or revenues forgone because of tax provisions related to health care. Each would offer lawmakers a variety of possibilities for making changes in current laws. Chapter 6 differs from the rest of the volume; it discusses the challenges and the potential budgetary effects of eliminating a cabinet department.

Options for reducing the deficit

Author : Anonim
Publisher : Unknown
Page : 320 pages
File Size : 43,8 Mb
Release : 2013
Category : Electronic
ISBN : RUTGERS:39030041187446

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Options for reducing the deficit by Anonim Pdf

Options for Reducing the Deficit

Author : Congress, Congressional Budget Office
Publisher : Government Printing Office
Page : 320 pages
File Size : 52,6 Mb
Release : 2016
Category : Business & Economics
ISBN : 0160936047

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Options for Reducing the Deficit by Congress, Congressional Budget Office Pdf

This volume presents 115 options that would decrease federal spending or increase federal revenues over the next decade. The federal budget deficit in fiscal year (FY) 2016 totaled $587 billion or 3.2 percent (%) of gross domestic product (GDP), up 2.5 percent (%) in year 2015. The options cover many areas ranging from defense to energy, Social Security and provisions of the tax code. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options. Students pursuing research for economic coursework in high school, community college, and university levels may be interested in this vision presented by the Congressional Budget Office, Additionally, economists, federal budget analysts, political science scholars, financial planners, and lawmakers may be interested in this official resource. Related products: Other products produced by the U.S. Congressional Budget Office (CBO) are available here: https: //bookstore.gpo.gov/agency/237Economic Policy resources collection can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-policyEconomic Development publications are available here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-development

After '08

Author : Stephen McBride,Rianne Mahon,Gerard W. Boychuk
Publisher : UBC Press
Page : 352 pages
File Size : 42,6 Mb
Release : 2015-10-01
Category : Political Science
ISBN : 9780774829663

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After '08 by Stephen McBride,Rianne Mahon,Gerard W. Boychuk Pdf

The 2007-08 financial crisis marked a turning point for social policy. World leaders were forced to take a position: Should they entrench neo-liberal policies in response to the crisis? Or should they implement alternative measures to challenge economics as usual? This volume explores how international organizations and nation states in Europe, Asia, Africa, Latin America, and North America responded to the recession. Contributors examine whether social policy followed a similar trajectory across countries and regions or whether their diverse national experiences produced equally diverse solutions.

The Economics of the Family

Author : Esther Redmount
Publisher : Bloomsbury Publishing USA
Page : 593 pages
File Size : 42,5 Mb
Release : 2014-12-02
Category : Business & Economics
ISBN : 9781440800566

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The Economics of the Family by Esther Redmount Pdf

A fascinating look at the role that households—and the dynamics of families, in particular—play in creating economic growth and social stability in modern economies and markets. This timely compilation of essays examines the paradigm of family in the 21st century, delving into cohabitation, marriage, and divorce; the effects of modern family units on work and consumption; and the ramifications of life choices on economic growth and stability. The text ponders highly personal yet societal topics, such as who lives with whom and why; the reasons for low birth rates among highly educated, high-income women; and strategies busy parents use to balance career, parenthood, and personal life. Volume I explores the various profiles of families today, covering multi- or single-generational, single or dual parent, and same- or opposite-sex couples. Volume II considers how time and money are shared among family members and what impact this distribution of resources has on occupations, technology, and markets. The text scrutinizes the factors that drive family formation and dissolution, control population in countries all over the world, and contribute to a family's well-being and fortitude.

Congressional Record

Author : United States. Congress
Publisher : Unknown
Page : 1378 pages
File Size : 41,9 Mb
Release : 1959
Category : Law
ISBN : HARVARD:32044116501404

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Congressional Record by United States. Congress Pdf

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)

Chrysler Corporation Financial Situation

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 396 pages
File Size : 47,7 Mb
Release : 1979
Category : Electronic
ISBN : PURD:32754067052948

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Chrysler Corporation Financial Situation by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Pdf

The Least Among Us

Author : Rosa L. DeLauro
Publisher : The New Press
Page : 208 pages
File Size : 55,9 Mb
Release : 2011-05-10
Category : Political Science
ISBN : 9781620972212

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The Least Among Us by Rosa L. DeLauro Pdf

The outspoken Connecticut congresswoman provides “a powerful case for protecting and expanding America’s safety net” (Elizabeth Warren). Cynical politicians like Mitch McConnell and Donald Trump argue that the people of the United States would be better off without food stamps, Obamacare, and workplace protections. Congresswoman Rosa L. DeLauro knows these folks are just plain wrong. Growing up in New Haven, Connecticut, DeLauro saw firsthand how vulnerable hard-working people are in the face of corporate indifference and government neglect. From fatal industrial fires to devastating childhood poverty, DeLauro witnessed it all—and emerged convinced that social programs are worth going to the mat for, again and again. Worker protections, Social Security, unemployment insurance, Medicare, Medicaid, food stamps, and housing assistance lift up all Americans; they fulfill this country’s promise of opportunity for everyone and are essential for our country’s health. For twenty-five years, DeLauro has been fighting for everyday Americans, earning a reputation as the most impassioned defender of our social safety net. The Least Among Us tells the story of a quarter-century of deal-making on behalf of people too often overlooked, told by a woman as fearless as she is opinionated. Part House of Cards, part progressive manifesto, The Least Among Us shares lessons about power—how it’s gained and how to wield it for everyone’s benefit. “Can you imagine how cool the world would be if we had Rosa DeLauro getting s*** done instead of Congress being held hostage by terrible people!” —Wonkette “An impassioned, urgent defense of democratic values and the role of government to serve and benefit all citizens.” —Kirkus Reviews