Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of New York
Economic Policy Review
The recession of 2001 and unemployment insurance financing
Wayne Vroman

Although the economic downturn of 2001 was one of the mildest of the past fifty years, between 2002-04, several large states experienced difficulties financing their unemployment insurance (UI) programs. Vroman discusses the recession's effects on states experiencing UI funding problems and the borrowing options available when state trust fund reserves are inadequate. Among his findings, Vroman concludes that all of the states that had to borrow had low trust fund balances at the end of December 2000-just before the recession began-and that funding problems have been concentrated among the large states.

Download Full text
Cite this item
Wayne Vroman, "The recession of 2001 and unemployment insurance financing" , Federal Reserve Bank of New York, Economic Policy Review, issue Aug, pages 61-79, 2005.
More from this series
JEL Classification:
Subject headings:
Keywords: Unemployment insurance ; Recessions ; Labor market
For corrections, contact Amy Farber ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal