Search Results

Showing results 1 to 10 of approximately 53.

(refine search)
Keywords:Unemployment insurance 

Working Paper
Unemployment Insurance Experience Rating and Labor Market Dynamics

Unemployment insurance experience rating imposes higher payroll tax rates on firms that have laid off more workers in the past. To analyze the effects of UI tax policy on labor market dynamics, this paper develops a search model of unemployment with heterogeneous firms and realistic UI financing. The model predicts that higher experience rating reduces both job creation and job destruction. Using firm-level data from the Quarterly Census of Employment and Wages, the model is tested by comparing job creation and job destruction across states and industries with different UI tax schedules. The ...
Finance and Economics Discussion Series , Paper 2013-86

Working Paper
Income in the Off-Season: Household Adaptation to Yearly Work Interruptions

Joblessness is highly seasonal. To analyze how households adapt to seasonal joblessness, we introduce a measure of seasonal work interruptions premised on the idea that a seasonal worker will tend to exit employment around the same time each year. We show that an excess share of prime-age US workers experience recurrent separations spaced exactly 12 months apart. These separations coincide with aggregate seasonal downturns and are concentrated in seasonally volatile industries. Examining workers most prone to seasonal work interruptions, we find that these workers incur large earnings losses ...
Finance and Economics Discussion Series , Paper 2020-084

Journal Article
If you lost your job …

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

Unemployment insurance: countercyclical or counterproductive?

Chicago Fed Letter , Issue Jul

Journal Article
Unemployment insurance: payments, overpayments and unclaimed benefits

In the U.S. unemployment insurance program, most of the overpayments due to fraud arise from individuals collecting benefits while they are gainfully employed. In addition, the overpayments are dwarfed by payments unclaimed by some who are eligible for unemployment benefits.
The Regional Economist , Issue Oct , Pages 12-13

Working Paper
Reconciling Unemployment Claims with Job Losses in the First Months of the COVID-19 Crisis

In the spring of 2020, many observers relied heavily on weekly initial claims for unemployment insurance benefits (UI) to estimate contemporaneous reductions in US employment induced by the COVID-19 pandemic. Though UI claims provided a timely, high-frequency window into mounting layoffs, the cumulative volume of initial claims filed through the May reference week substantially exceeded realized reductions in payroll employment and likely contributed to the historically large discrepancy between consensus expectations of further April-to-May job losses and the strong job gains reflected in ...
Finance and Economics Discussion Series , Paper 2020-055

Journal Article
The American Recovery and Reinvestment Act of 2009: a review of stimulus spending in New York and New Jersey

The ARRA stimulus package was designed to spur economic and employment growth in response to a deepening U.S. recession and the weakened fiscal conditions of many state governments. An analysis of the local allocation of ARRA funds shows that the $35 billion of stimulus spending in New York was relatively concentrated in expanded funding for Medicaid, while a large share of the $12 billion allocated to New Jersey went to extending unemployment insurance benefits. While ARRA funding supplemented tax revenues in both states in fiscal years 2010 and 2011, the program's spending components are ...
Current Issues in Economics and Finance , Volume 18 , Issue Sept

Working Paper
These Caps Spilleth Over: Equilibrium Effects of Unemployment Insurance

The design of US unemployment insurance (UI) policy--which features benefits assigned as a percentage of past wages up to a cap--engenders tests for spillovers from policy variation to workers who are not directly treated. We test for and find a pattern of spillovers from state-level UI policy changes that cannot be neatly reconciled with workhorse or cutting-edge models of UI spillovers. Instead, we show that the documented pattern conforms with the predictions of a canonical model of information frictions: wage posting with random search. Taken together, our results provide novel evidence ...
Finance and Economics Discussion Series , Paper 2022-074

The ins and outs of unemployment insurance

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
Jobless and benefits

FRBSF Economic Letter



FILTER BY Content Type

Journal Article 25 items

Working Paper 20 items

Report 4 items

Newsletter 2 items

Briefing 1 items

Discussion Paper 1 items

show more (1)


Fuller, David L. 4 items

Larrimore, Jeff 4 items

Mortenson, Jacob 4 items

Ravikumar, B. 4 items

Splinter, David 4 items

Zhang, Yuzhe 4 items

show more (55)

FILTER BY Jel Classification

J65 13 items

E24 11 items

J64 6 items

D31 4 items

H53 4 items

J30 4 items

show more (16)

FILTER BY Keywords

Unemployment insurance 53 items

Unemployment 19 items

Labor market 8 items

COVID-19 8 items

Countercyclical policy 4 items

Stimulus checks 4 items

show more (61)