During the COVID-19 pandemic, the Federal Pandemic Unemployment Compensation (FPUC) increased US unemployment benefits by $600 a week. Theory predicts that FPUC will decrease job applications, and could decrease vacancy creation. We estimate the effect of FPUC on job applications and vacancy...

The lockdown and other restrictive measures introduced during the Covid-19 pandemic and the ensuing economic recession have had a strong impact on labour markets worldwide. As far as the European Union (EU) is concerned, the accelerated fall in total employment was the ‘sharpest decline ever...

Zur Vorbereitung des Jahresgutachtens 20/2021 des Sachverständigenrats zur Begutachtung der gesamtwirtschaftlichen Entwicklung wurde das IAB um seine Expertise zur Konjunktur und Situation auf dem deutschen Arbeitsmarkt sowie zur Bedeutung des Kurzarbeitergeldes und der Rücklagenpolitik der...

New technology promises to expand the supply of financial services to small businesses poorly served by the banking system. Does it succeed? We study the response of FinTech to financial services demand created by the introduction of the Paycheck Protection Program (PPP). We find that FinTech is...

Enacted March 27, 2020, the Paycheck Protection Program (PPP) was the most ambitious and creative fiscal policy response to the Pandemic Recession in the United States. PPP offers forgivable loans - essentially grants - to businesses with 500 or fewer employees that meet certain requirements. In...