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The COVID-19 pandemic and the ensuing economic and technological adjustment increased the risk of unemployment …, underemployment and skills mismatch across Europe. These increased risks highlighted the importance of national unemployment benefit … schemes for income security. This article examines the role of industrial relations in shaping unemployment benefit regimes in …
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We investigate the optimal response of unemployment insurance to economic shocks, both with and without commitment. The … transitory increase in UI is optimal; and that a policy rule contingent on the change in unemployment, rather than its level, is …
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Enacted March 27, 2020, the Paycheck Protection Program (PPP) was the most ambitious and creative fiscal policy response to the Pandemic Recession in the United States. PPP offers forgivable loans - essentially grants - to businesses with 500 or fewer employees that meet certain requirements. In...
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We study the short-term causal effect of the Paycheck Protection Program on unemployment. Using the 2019 density of … during April 2020, we find statistically and economically significant effects from the program on unemployment. Our results …
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