Unemployment Insurance in Survey and Administrative Data

Jeff Larrimore, Jacob Mortenson and David Splinter

No 2022-07-05-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Unemployment Insurance (UI) benefits were a central part of the social safety net during the Covid-19 recession. UI benefits, however, are severely understated in surveys. Using administrative tax data, we find that over half of UI benefits were missed in major survey data, with a greater understatement among low-income workers. As a result, 2020 official poverty rates were overstated by about 2 percentage points, and corrected poverty reached a six-decade low. We provide data to correct underreporting in surveys and show that, compared to UI benefits, the UI exclusion tax expenditure was less targeted at low incomes.

Date: 2022-07-05
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Journal Article: UNEMPLOYMENT INSURANCE IN SURVEY AND ADMINISTRATIVE DATA (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2022-07-05-2

DOI: 10.17016/2380-7172.3135

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