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Journal Article
Economic effects of the unemployment insurance benefit
Fujita, Shigeru (2010-10)
The U.S. labor market has remained weak in recent years, even though the overall economy itself has started to grow again after the deep recession. In response to the weak labor market conditions, the U.S. government has greatly expanded the entitlement period of unemployment insurance (UI) benefits. In ?Economic Effects of the Unemployment Insurance Benefit,? Shigeru Fujita reviews some of the academic literature on the economic effects of UI benefits. On the one hand, UI can improve people?s well being because it helps them avoid a large drop in consumption in the face of job losses when ...
Business Review , Issue Q4 , Pages 20-27

Newsletter
The ins and outs of unemployment insurance
El-Ghazaly, Hoda S. (2010-11)
Although the economy is rebounding, the unemployment rate remains high and private sector job gains remain weak. economists debate whether extending unemployment benefits keep unemployment artificially high by discouraging work.
Liber8 Economic Information Newsletter , Issue November

Journal Article
New highs in unemployment insurance claims
Cleary, Aisling; Kwok, Joyce; Valletta, Robert G. (2009)
Unemployment insurance benefits have been on an upward trend over the past two decades, partially reversing an earlier decline. The trend is associated with shifts toward a higher share of job losers among the unemployed and longer durations of unemployment, which may cause benefits to lapse for some recipients as labor market weakness persists.
FRBSF Economic Letter

Journal Article
Did the $600 Unemployment Supplement Discourage Work?
Petrosky-Nadeau, Nicolas; Valletta, Robert G. (2020-09-21)
People receiving unemployment insurance benefits during the COVID-19 recession were entitled to $600 of additional payments per week through July. This large increase in benefit payments raised a concern that recipients would delay returning to work. However, analysis suggests that the available aid would not outweigh the value of a longer-term stable income in workers’ decisions to accept job offers. Evidence from recent labor market outcomes confirms that the supplemental payments had little or no adverse effect on job search.
FRBSF Economic Letter , Volume 2020 , Issue 28 , Pages 01-05

Journal Article
Who is concealing earnings and still collecting unemployment benefits?
Fuller, David L.; Ravikumar, B.; Zhang, Yuzhe (2013-04)
Concealed earnings represent the largest source of fraud in the U.S. unemployment insurance system. Individuals with relatively low earnings constitute a larger fraction of those committing such fraud. High-earnings individuals, however, account for larger dollar amounts of this fraud.
The Regional Economist , Issue Apr

Report
Subsidizing job creation in the Great Recession
Song, Joseph; Sahin, Aysegul; Kitao, Sagiri (2010)
We analyze the effects of various labor market policies on job creation, job destruction, and employment. The framework of Mortensen and Pissarides (2003) is used to model the dynamic interaction between firms and workers and to simulate their responses to alternative policies. The equilibrium model is calibrated to capture labor market conditions at the end of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We consider the equilibrium effects of a hiring subsidy, a payroll tax reduction, and an employment subsidy. While calibrating ...
Staff Reports , Paper 451

Journal Article
Unemployment insurance policy in New England: background and issues
Tannenwald, Robert; O'Leary, Christopher J. (1997-05)
Almost two-thirds of the states, and all the New England states except New Hampshire, have exhausted their unemployment insurance trust fund and borrowed from the federal government at least once during the past 35 years. Under such circumstances, states are required by law to raise unemployment insurance taxes in order to replenish their trust funds and to pay off their debts to the federal government. Since higher unemployment insurance taxes increase employer costs, replenishment forces states into a trade-off between economic competitiveness and trust fund adequacy. In recent years, ...
New England Economic Review , Issue May , Pages 3-22

Working Paper
Unemployment Insurance during a Pandemic
Nie, Jun; Xie, Zoe (2020-08-06)
The CARES Act implemented in response to the COVID-19 crisis dramatically increased the generosity of unemployment insurance (UI) benefits, triggering concerns about substantial effects on unemployment. This paper combines a labor market search-matching model with the SIR-type infection dynamics to study the effects of the CARES Act UI on both unemployment and infection. More generous UI policies create work disincentives and lead to higher unemployment but also reduce infection and save lives. Economic shutdown policies further amplify these effects of UI policies. Quantitatively, the CARES ...
Research Working Paper , Paper RWP 20-07

Journal Article
The recession of 2001 and unemployment insurance financing
Vroman, Wayne (2005-08)
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 ...
Economic Policy Review , Issue Aug , Pages 61-79

Journal Article
If you lost your job …
Clement, Douglas (2006-06)
Intuition and conventional economic models suggest that unemployment benefits should decline over time to induce unemployed workers to seek jobs.
The Region , Volume 20 , Issue Jun , Pages 34-37, 50-53

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