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来源类型Working Paper
规范类型报告
DOI10.3386/w27216
来源IDWorking Paper 27216
US Unemployment Insurance Replacement Rates During the Pandemic
Peter Ganong; Pascal J. Noel; Joseph S. Vavra
发表日期2020-05-25
出版年2020
语种英语
摘要We use micro data on earnings together with the details of each state’s unemployment insurance (UI) system to compute the distribution of UI benefits after the uniform $600 Federal Pandemic Unemployment Compensation (FPUC) supplement implemented by the CARES Act. We find that between April and July 2020, 76% of workers eligible for regular Unemployment Compensation have statutory replacement rates above 100%, meaning that they are eligible for benefits which exceed lost wages. The median statutory replacement rate is 145%. We also compute comprehensive replacement rates, which account for employer provided non-wage compensation and differential tax treatment of labor income and UI. 69% of UI-eligible unemployed have comprehensive replacement rates above 100% and the median comprehensive replacement rate is 134%. The presence of the FPUC has important implications for the incidence of the recession and reverses income patterns which would have otherwise arisen across income levels, occupations, and industries.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration ; COVID-19
URLhttps://www.nber.org/papers/w27216
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584888
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GB/T 7714
Peter Ganong,Pascal J. Noel,Joseph S. Vavra. US Unemployment Insurance Replacement Rates During the Pandemic. 2020.
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