Search Results
Journal Article
Working from Home: More Americans Are Telecommuting
Americans who primarily work from home represented 3% of full-time employees in 2017, up from 0.7% in 1980.
Journal Article
Long-Term Trends in Gasoline Prices
Average annual CPI inflation from 1990 to 2021 was 2.4%, while average annual gasoline price inflation was 3.9%.
Ending Pandemic Unemployment Benefits Linked to Job Growth
A new state-level analysis finds that ending emergency unemployment benefits had a statistically significant positive impact on employment.
Journal Article
How the Death Rate Affects the Aging of the US Population
What is the effect of death rates on the increased average age of the US population?
The End of Emergency Pandemic Unemployment Benefits in 2021
Although many saw the $300 weekly add-on as the key disincentive to work, the large drop in benefit recipients was driven primarily by the halt in other federal jobless programs.
Not All Bursting Market Bubbles Have the Same Recessionary Effect
The popped IT bubble ushered in an eight-month recession in 2001. The burst housing bubble resulted in the Great Recession (2007-09). Why the difference?
Journal Article
Increasing Employment by Halting Pandemic Unemployment Benefits
In mid-2021, 26 states halted participation in all or some federal emergency unemployment benefits (EUB) programs before those programs' federal funding lapsed. This article uses this asynchronous EUB cessation between early- and late-halting states to estimate the causal impact of benefit cessation on employment. We find that cessation increased employment by 29 persons for every 100 (pre-halt) EUB recipients. Expressed as a number of jobs, if all states had halted EUB in June, September employment would have been 3.4 million persons higher relative to a no-halt counterfactual. Late-halting ...
Journal Article
Employment Effects of Pandemic Emergency Unemployment Benefits: Incentives Matter
The employment effects of halting programs that granted emergency unemployment benefits during the pandemic were substantial and differed across age groups.
How Uneven Were the Labor Market Recoveries across U.S. States?
Some states finished 2021 with unemployment rates below their pre-pandemic levels, while most had rates still above levels before COVID-19.
Working Paper
The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis
This paper uses the asynchronous cessation of emergency unemployment benefits (EUB) in 2021 to investigate the jobs impact of ending unemployment benefits. While some states stopped providing EUB in September, others stopped as early as June. Using the cessation month as an instrument, we estimate the effect on employment of reducing unemployment rolls. In the second month following a state’s program termination, for every 100 person reduction in beneficiaries, state employment causally increased by about 27 persons. The effect is statistically different from zero and robust to a wide array ...