attributable to larger Covid-era stimulus payments and unemployment insurance …

attributable to larger Covid-era stimulus payments and unemployment insurance …

analyze changes in program enrollment over the past two decades, quantifying the contributions of unemployment and state … in unemployment raises enrollment by 15 percent. Unemployment explains most of the decrease in enrollment in the late … 1990s, state policy changes explain more of the increase in enrollment in the early 2000s, and unemployment explains most …

redistribution and a modest effect of two year led inequality …

We use a quantitative heterogeneous agent model with nominal rigidities and unemployment risk to analyze the …-sectional incidence of unemployment risk over the business cycle. We consider three fiscal stabilization packages: (i) a transfer to all … low-income households, (ii) an increase in unemployment benefits to unemployed households, and (iii) an increase in labor …

-to-job transitions, while negative shocks occasionally throw them back into unemployment. The state of the economy includes the … to mimic the US Great Recession unemployment dynamics, firms reduce hiring, causing the job ladder to all but "stop …