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 … aggregate spending of the employed was down by 10 percent, the spending of unemployment benefit recipients increased by 10 …