Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties

Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties
Author :
Publisher : International Monetary Fund
Total Pages : 35
Release :
ISBN-10 : 9781513572680
ISBN-13 : 1513572687
Rating : 4/5 (80 Downloads)

Synopsis Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties by : Klaus-Peter Hellwig

I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.

Optimal Unemployment Insurance

Optimal Unemployment Insurance
Author :
Publisher : Mohr Siebeck
Total Pages : 204
Release :
ISBN-10 : 3161493044
ISBN-13 : 9783161493041
Rating : 4/5 (44 Downloads)

Synopsis Optimal Unemployment Insurance by : Andreas Pollak

Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.

Unemployed and Uninsured

Unemployed and Uninsured
Author :
Publisher :
Total Pages : 62
Release :
ISBN-10 : UIUC:30112085919386
ISBN-13 :
Rating : 4/5 (86 Downloads)

Synopsis Unemployed and Uninsured by : Isaac Shapiro

List of Publications

List of Publications
Author :
Publisher :
Total Pages : 124
Release :
ISBN-10 : MINN:31951D00268064B
ISBN-13 :
Rating : 4/5 (4B Downloads)

Synopsis List of Publications by : United States. Congressional Budget Office

Designing Labor Market Institutions in Emerging and Developing Economies

Designing Labor Market Institutions in Emerging and Developing Economies
Author :
Publisher : International Monetary Fund
Total Pages : 58
Release :
ISBN-10 : 9781498313261
ISBN-13 : 1498313264
Rating : 4/5 (61 Downloads)

Synopsis Designing Labor Market Institutions in Emerging and Developing Economies by : Mr.Romain A Duval

This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

Long-term Unemployed

Long-term Unemployed
Author :
Publisher :
Total Pages : 76
Release :
ISBN-10 : PSU:000017879736
ISBN-13 :
Rating : 4/5 (36 Downloads)

Synopsis Long-term Unemployed by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources

Regulating the Lives of Women

Regulating the Lives of Women
Author :
Publisher : Routledge
Total Pages : 384
Release :
ISBN-10 : 9781351855273
ISBN-13 : 1351855271
Rating : 4/5 (73 Downloads)

Synopsis Regulating the Lives of Women by : Mimi Abramovitz

Widely praised as an outstanding contribution to social welfare and feminist scholarship, Regulating the Lives of Women (1988, 1996) was one of the first books to apply a race and gender lens to the U.S. welfare state. The first two editions successfully exposed how myths and stereotypes built into welfare state rules and regulations define women as "deserving" or "undeserving" of aid depending on their race, class, gender, and marital status. Based on considerable new research, the preface to this third edition explains the rise of Neoliberal policies in the mid-1970s, the strategies deployed since then to dismantle the welfare state, and the impact of this sea change on women and the welfare state after 1996. Published upon the twentieth anniversary of "welfare reform," Regulating the Lives of Women offers a timely reminder that public policy continues to punish poor women, especially single mothers-of-color for departing from prescribed wife and mother roles. The book will appeal to undergraduate, graduate, and postgraduate students of social work, sociology, history, public policy, political science, and women, gender, and black studies – as well as today’s researchers and activists.