Farrell, Diana; Ganong, Peter; Greig, Fiona; Liebeskind, Max - 2020
During the Covid-19 pandemic, unemployment insurance (UI) benefits have taken on an unprecedented role in the United … Recession peak. This is due to two factors: first, the high unemployment rate, which reached 14.7 percent in April 2020; and … paper, we examine the effects of UI on consumption during the pandemic. Our first finding is that during the pandemic, while …