| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30315 |
| 来源ID | Working Paper 30315 |
| Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data | |
| Peter Ganong; Fiona E. Greig; Pascal J. Noel; Daniel M. Sullivan; Joseph S. Vavra | |
| 发表日期 | 2022-08-15 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics—but not employment dynamics—during the pandemic. Second, benefit expansions allow us to study the MPC of normally low-liquidity households in a high-liquidity state. These households still have high MPCs. This suggests a role for persistent behavioral characteristics, rather than just current liquidity, in driving spending behavior. Third, the mechanisms driving our results imply that temporary benefit supplements are a promising countercyclical tool. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Fiscal Policy ; Financial Economics ; Public Economics ; Taxation ; Labor Economics ; Demography and Aging ; Unemployment and Immigration ; COVID-19 |
| URL | https://www.nber.org/papers/w30315 |
| 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/588013 |
| 推荐引用方式 GB/T 7714 | Peter Ganong,Fiona E. Greig,Pascal J. Noel,et al. Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data. 2022. |
| 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 | ||
| w30315.pdf（1329KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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