The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis

Iris Arbogast and Bill Dupor

No 2022-010, Working Papers from Federal Reserve Bank of St. Louis

Abstract: 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 of alternative specifications.

Keywords: COVID-19; unemployment; unemployment benefits; pandemic emergency unemployment benefits; unemployment insurance; pandemic emergency unemployment insurance (search for similar items in EconPapers)
JEL-codes: J65 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2022-04-24, Revised 2023-02-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://s3.amazonaws.com/real.stlouisfed.org/wp/2022/2022-010.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlwp:94105

Ordering information: This working paper can be ordered from

DOI: 10.20955/wp.2022.010

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().