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 …

All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having … recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …

response successfully offset earnings loses among lower-wage workers, the risk of continued and persistent unemployment remains …