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Author :
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 (91 download)
Download or read book Recommendations for State-Federal Extended Unemployment Benefits (EB) During Recession Periods written by and published by . This book was released on 1962 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julie M. Whittaker
Publisher : Createspace Independent Pub
ISBN 13 : 9781481144643
Total Pages : 42 pages
Book Rating : 4.1/5 (446 download)
Download or read book Extending Unemployment Compensation Benefits During Recessions written by Julie M. Whittaker and published by Createspace Independent Pub. This book was released on 2012-12-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes the history of temporary federal extensions to unemployment benefits from 1980 to the present. Among these extensions is the Emergency Unemployment Compensation (EUC08) program created by P.L. 110-252 (amended by P.L. 110-449, P.L. 111-5, P.L. 111-92, P.L. 111-118, P.L. 111-144, P.L. 111-157, P.L. 111-205, P.L. 111-312, P.L. 112-78, and P.L. 112-96). This report contains five sections. The first section provides background information on unemployment compensation (UC) benefits. It also provides a brief summary of UC benefit exhaustion and how exhaustion rates are related to the business cycle. The second section provides the definition of a recession as well as the determination process for declaring a recession. It also provides information on the timing of all recessions since 1980. The third section summarizes the legislative history of federal extensions of unemployment benefits. It includes information on the permanently authorized extended benefit (EB) program as well as information on temporary unemployment benefit extensions. It also includes a brief discussion on the role of extended unemployment benefits as part of an economic stimulus package. The fourth section provides figures examining the timing of recessions and statistics that may be considered for determining extending unemployment benefits. The fifth section briefly discusses previous methods for financing these temporary programs. In particular it attempts to identify provisions in temporary extension legislation that may have led to increases in revenue or decreases in spending related to unemployment benefits.
Author : Congressional Budget Office
Publisher : Createspace Independent Pub
ISBN 13 : 9781505261646
Total Pages : 28 pages
Book Rating : 4.2/5 (616 download)
Download or read book Unemployment Insurance in the Wake of the Recent Recession written by Congressional Budget Office and published by Createspace Independent Pub. This book was released on 2014-11-29 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker's past earnings. The Congressional Budget Office (CBO) estimates that UI benefits totaled $94 billion in fiscal year 2012 (when the unemployment rate was 8.3 percent, on average), a substantial increase over the $33 billion paid out in fiscal year 2007 (when the unemployment rate was 4.5 percent, on average).The periods for which eligible workers can receive UI benefits have been repeatedly extended during the recent recession and its aftermath. Regular UI benefits generally last up to 26 weeks (see Summary Table 1). Additional weeks of benefits have been provided through the creation of the temporary Emergency Unemployment Compensation (EUC) program in 2008 and through modifications to the extended benefits (EB) program. The EUC program currently provides up to 47 weeks of additional benefits (depending on a state's unemployment rate) after regular UI benefits have been exhausted. The EB program provides up to 20 weeks of benefits to certain eligible workers who have exhausted their EUC benefits (temporary changes in law have made it easier for states to qualify to provide extended benefits and have made the funding for the EB program entirely federal). The benefits the three programs provide—at a total cost over the past five years of roughly $520 billion—have allowed households to better maintain their consumption while household members are unemployed. Under current law, the temporary benefits that have been provided in recent years are set to expire at the end of December 2012.
Author : William J. Carrington
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (827 download)
Download or read book Unemployment insurance in the wake of the recent recession written by William J. Carrington and published by . This book was released on 2012 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Income Security and Family Support
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.0/5 ( download)
Download or read book Extending Unemployment Insurance written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Income Security and Family Support and published by . This book was released on 2009 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Public Assistance and Unemployment Compensation
Publisher :
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.F/5 ( download)
Download or read book Extended Unemployment Compensation Program written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Public Assistance and Unemployment Compensation and published by . This book was released on 1986 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James R. Storey
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.E/5 ( download)
Download or read book Unemployment Compensation written by James R. Storey and published by . This book was released on 1993 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Ways and Means
Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.3/5 (91 download)
Download or read book Emergency Extension of Federal Unemployment Compensation Benefits written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1958 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julie M. Whittaker
Publisher : CreateSpace
ISBN 13 : 9781490958064
Total Pages : 42 pages
Book Rating : 4.9/5 (58 download)
Download or read book Expediting the Return to Work written by Julie M. Whittaker and published by CreateSpace. This book was released on 2013-07 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most recent recession led to an unprecedented increase in the number of those unemployed for more than 26 weeks (the long-term unemployed). As a result, congressional interest in policy initiatives to expedite the return to work grew. This report examines a variety of initiatives and measures within the Unemployment Compensation (UC) program that might reduce long-term unemployment for beneficiaries. Even before the recent recession began, large numbers of UC recipients exhausted their entitlement to regular state benefits before returning to work. In 2007, one in three recipients exhausted their benefits. In the depths of the recession, more than half of the recipients exhausted their regular benefits, with most of them continuing to receive unemployment insurance benefits through federally financed extended unemployment benefits. Based on current forecasts of a slow recovery and on trends that were apparent before the recession, it appears likely that the exhaustion rate will remain well above its pre-recession level for many years to come. The adverse consequences of not being able to find new work and of exhausting benefits can be severe for the recipients themselves, as well as for government budgets in terms of lost revenue and higher expenditures, and for the economy in lost output. During and immediately following the recession, Congress provided incentives for states to adopt innovative ways of helping unemployed individuals return to work and enacted legislation that temporarily increased funding for various reemployment and training services. As the labor market continues to recover and the temporary funding ends, Congress may again consider policy initiatives that go beyond income replacement. These may include strategies that would speed up the reemployment of recipients who will not be returning to their previous employers. After a brief description of the federal-state unemployment insurance system, this report examines trends in the duration of unemployment benefits and then reviews a wide range of approaches for speeding the return to work. The report emphasizes measures that have recently been considered by lawmakers or have been tried on an experimental basis, particularly if evaluations of their impacts on duration of UC benefit receipt are available.
Author : Henry S. Farber
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (843 download)
Download or read book Do Extended Unemployment Benefits Lengthen Unemployment Spells? written by Henry S. Farber and published by . This book was released on 2013 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the Great Recession, the availability of unemployment insurance (UI) benefits was extended to an unprecedented 99 weeks in many U.S. states in the 2009-2012 period. We use matched monthly data from the CPS to exploit variation in the timing and size of the UI benefit extensions across states to estimate the overall impact of these extensions on individual exit from unemployment, and we compare the estimated impact with that for the prior extension of benefits during the much milder downturn in the early 2000s. In both periods, we find a small but statistically significant reduction in the unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are primarily due to a reduction in exits from the labor force rather than to a decrease in exits to employment (the job finding rate). Although the overall effect of UI extensions on exit from unemployment is small, it implies a substantial effect of extended benefits on the steady-state share of unemployment in the cross-section that is long-term.
Author : Harry Malisoff
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.F/5 ( download)
Download or read book The Financing of Extended Unemployment Insurance Benefits in the United States written by Harry Malisoff and published by . This book was released on 1963 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Booklet on the financing of extended unemployment benefit benefits in the USA - distinguishes between regular extended benefits, taking into consideration the financial responsibility for the cost of the extended benefits, comments on benefit duration provisions under state (local level) social security legislation and analyses the leading proposals for change in legislation in recent years. References and statistical tables.
Author : Emile B. Skraly
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.E/5 ( download)
Download or read book The New York State "Trigger Act" for Extending the Duration of Unemployment Insurance Benefits written by Emile B. Skraly and published by . This book was released on 1969 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Merrill G. Murray
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.F/5 ( download)
Download or read book The Duration of Unemployment Benefits written by Merrill G. Murray and published by . This book was released on 1974 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report on the problem of the time factor in unemployment benefit for the long term unemployed in the USA - cites the regular duration for benefits as provided by state laws, discusses the provision of extended benefits during economic recessions, the problem of financing such benefits, etc., and considers proposals for extended benefits at all times. References and statistical tables.
Author : Julie M. Whitaker
Publisher :
ISBN 13 : 9781457843327
Total Pages : 39 pages
Book Rating : 4.8/5 (433 download)
Download or read book Extending Unemployment Compensation Benefits During Recessions written by Julie M. Whitaker and published by . This book was released on 2013-02-22 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paul J. Mackin
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (6 download)
Download or read book Extended Unemployment Benefits written by Paul J. Mackin and published by . This book was released on 1965 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andreas Pollak
Publisher : Mohr Siebeck
ISBN 13 : 9783161493041
Total Pages : 204 pages
Book Rating : 4.4/5 (93 download)
Download or read book Optimal Unemployment Insurance written by Andreas Pollak and published by Mohr Siebeck. This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Klaus-Peter Hellwig
Publisher : International Monetary Fund
ISBN 13 : 1513572687
Total Pages : 35 pages
Book Rating : 4.5/5 (135 download)
Download or read book Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties written by Klaus-Peter Hellwig and published by International Monetary Fund. This book was released on 2021-03-12 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
