| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11060 |
| DP11060 The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle? | |
| Iourii Manovskii; Marcus Hagedorn; Kurt Mitman | |
| 发表日期 | 2016-01-24 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the variation induced by Congress' failure in December 2013 to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Federal benefit extensions that ranged from 0 to 47 weeks across U.S. states were abruptly cut to zero. To achieve identification we use the fact that this policy change was exogenous to cross-sectional differences across U.S. states and we exploit a policy discontinuity at state borders. Our baseline estimates reveal that a 1% drop in benefit duration leads to a statistically significant increase of employment by 0.019 log points. In levels, 2.1 million individuals secured employment in 2014 due to the benefit cut. More than 1.1 million of these workers would not have participated in the labor market had benefit extensions been reauthorized. |
| 主题 | Labour Economics ; Monetary Economics and Fluctuations |
| 关键词 | Aggregate employment Labor force Macroeconomic stabilization Search and matching Unemployment insurance |
| URL | https://cepr.org/publications/dp11060 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539889 |
| 推荐引用方式 GB/T 7714 | Iourii Manovskii,Marcus Hagedorn,Kurt Mitman. DP11060 The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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