Labor market trends and unemployment insurance generosity during the pandemic

Lucas Finamor and Dana Scott

Economics Letters, 2021, vol. 199, issue C

Abstract: We test whether changes in unemployment insurance (UI) benefit generosity under the CARES Act in the US are associated with differential employment outcomes under the distinct conditions of the pandemic. While we observe a negative association between UI generosity and employment, we show that the relative employment gap arises before the Act was instituted, decreases in magnitude when the augmented benefits were in place, and does not change when the benefits expansion expires.

Keywords: Unemployment insurance; Employment; COVID-19; CARES Act (search for similar items in EconPapers)
JEL-codes: J65 J68 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:199:y:2021:i:c:s0165176520304821

DOI: 10.1016/j.econlet.2020.109722

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