Unemployment Insurance Generosity and Aggregate Employment
成果类型：
Article
署名作者：
Boone, Christopher; Dube, Arindrajit; Goodman, Lucas; Kaplan, Ethan
署名单位：
University of Massachusetts System; University of Massachusetts Amherst; University of Massachusetts System; University of Massachusetts Amherst; United States Department of the Treasury; University System of Maryland; University of Maryland College Park
刊物名称：
AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
ISSN/ISSBN：
1945-7731
DOI：
10.1257/pol.20160613
发表日期：
2021
页码：
58-99
关键词：
摘要：
This paper examines the impact of unemployment insurance (UI) on aggregate employment by exploiting cross-state variation in the maximum benefit duration during the Great Recession. Comparing adjacent counties located in neighboring states, there is no statistically significant impact of increasing UI generosity on aggregate employment. Point estimates are uniformly small in magnitude, and the most precise estimates rule out employment-to-population ratio reductions in excess of 0.35 percentage points from the UI extension. The results contrast with the negative effects implied by most micro-level labor supply studies and are consistent with both job rationing and aggregate demand channels.
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