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Book Role of Unemployment Insurance as an Automatic Stabilizer During a Recession

Download or read book Role of Unemployment Insurance as an Automatic Stabilizer During a Recession written by and published by DIANE Publishing. This book was released on with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Unemployment Insurance as an Economic Stabilizer

Download or read book Unemployment Insurance as an Economic Stabilizer written by Lawrence Chimerine and published by . This book was released on 1999 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Unemployment Insurance as an Automatic Stabilizer

Download or read book Unemployment Insurance as an Automatic Stabilizer written by Marco Di Maggio and published by . This book was released on 2017 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess the extent to which unemployment insurance (UI) serves as an automatic stabilizer to mitigate the economy's sensitivity to shocks. Using an empirical design based on heterogeneity in local benefit generosity, we estimate that a one standard deviation increase in generosity attenuates the effect of adverse shocks on employment growth by 7% and on earnings growth by 6%. Consistent with the demand channel, we find that consumption is less responsive to local labor demand shocks in counties with more generous benefits. Furthermore, a financial channel is a key underlying driver of the aggregate demand's response to negative shocks. We find that households' delinquencies on their financial obligations are less sensitive to negative employment shocks, whenever UI is more generous, which reduces banks' incentive to tighten credit standards in response to negative shocks. Thus, the financial accelerator is dampened by having a more generous UI. This mechanism also reduces the sensitivity of house prices to negative shocks, in particular, in less elastic regions.

Book Unemployment insurance as an automatic stabilizer

Download or read book Unemployment insurance as an automatic stabilizer written by Katherine Christensen and published by . This book was released on 1986 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Importance of Unemployment Insurance as an Automatic Stabilizer

Download or read book The Importance of Unemployment Insurance as an Automatic Stabilizer written by Marco Di Maggio and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: We assess the extent to which unemployment insurance (UI) serves as an automatic stabilizer to mitigate the economy's sensitivity to shocks. Using a local labor market design based on heterogeneity in local benefit generosity, we estimate that a one standard deviation increase in generosity attenuates the effect of adverse shocks on employment growth by 7% and on earnings growth by 6%. Consistent with a local demand channel, we find that consumption is less responsive to local labor demand shocks in counties with more generous benefits. Our analysis finds that the local fiscal multiplier of unemployment insurance expenditure is approximately 1.9

Book Unemployment Insurance as an Automatic Stabilizer

Download or read book Unemployment Insurance as an Automatic Stabilizer written by Charles Drake and published by . This book was released on 1965 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Unemployment Insurance Occasional Paper

Download or read book Unemployment Insurance Occasional Paper written by and published by . This book was released on 1991 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Unemployment Compensation H R 14705

Download or read book Unemployment Compensation H R 14705 written by George Pratt Shultz and published by . This book was released on 1970 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Unemployment Insurance Reform

Download or read book Unemployment Insurance Reform written by David E. Balducchi and published by W.E. Upjohn Institute. This book was released on 2018-09-11 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.

Book Supply and Demand Effects of Unemployment Insurance Benefit Extensions Evidence from U S Counties

Download or read book Supply and Demand Effects of Unemployment Insurance Benefit Extensions Evidence from U S Counties written by Klaus-Peter Hellwig and published by International Monetary Fund. This book was released on 2021-03-12 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.

Book Studies in Public Policy

Download or read book Studies in Public Policy written by United States. Unemployment Insurance Service and published by . This book was released on 1977 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Jobless Pay and the Economy

Download or read book Jobless Pay and the Economy written by Daniel S. Hamermesh and published by Baltimore : Johns Hopkins University Press. This book was released on 1977 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on the economic implications of unemployment benefit in the USA - sets out the financing, beneficiaries and regulations governing payment of such insurance, and examines its effects on unemployment, job searching, employer behaviour, business cycles and purchasing power, etc. Bibliography pp. 112 to 114, references and statistical tables.