| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28567 |
| 来源ID | Working Paper 28567 |
| The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation | |
| Ioana Marinescu; Daphne Skandalis; Daniel Zhao | |
| 发表日期 | 2021-03-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | 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 creation week by week, from March to July 2020, using granular data from the online jobs platform Glassdoor. We exploit variation in the proportional increase in benefits across local labor markets. To isolate the effect of FPUC, we flexibly allow for different trends in local labor markets differentially exposed to the COVID-19 crisis. We verify that trends in outcomes prior to the FPUC do not correlate with future increases in benefits, which supports our identification assumption. First, we find that a 10% increase in unemployment benefits caused a 3.6% decline in applications, but did not decrease vacancy creation; hence, FPUC increased tightness (vacancies/applications). Second, we document that tightness was unusually depressed during the FPUC period. Altogether, our results imply that the positive effect of FPUC on tightness was welfare improving: FPUC decreased competition among applicants at a time when jobs were unusually scarce. Our results also help explain prior findings that FPUC did not decrease employment. |
| 主题 | Labor Economics ; Unemployment and Immigration ; COVID-19 |
| URL | https://www.nber.org/papers/w28567 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586241 |
| 推荐引用方式 GB/T 7714 | Ioana Marinescu,Daphne Skandalis,Daniel Zhao. The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28567.pdf（1326KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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