The effect of generous unemployment benefits on the propensity of individuals to stay on unemployment was hotly debated … during the COVID pandemic. This paper examines the impact of the Federal Pandemic Unemployment Compensation (FPUC) using rich … response from men. The baseline odds of exiting versus staying on unemployment rolls (holding all else constant) for females is …

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …