Arbeitspapier
Recent Extensions of U.S. Unemployment Benefits: Search Responses in Alternative Labor Market States
In response to the 2007-09 Great Recession, the maximum duration of U.S. unemployment benefits was increased from the normal level of 26 weeks to an unprecedented 99 weeks. I estimate the impact of these extensions on job search, comparing them with the more limited extensions associated with the milder 2001 recession. The analyses rely on monthly matched microdata from the Current Population Survey. I find that a 10-week extension of UI benefits raises unemployment duration by about 1.5 weeks, with little variation across the two episodes. This estimate lies in the middle-to-upper end of the range of past estimates.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 8247
- Classification
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Wirtschaft
Unemployment: Models, Duration, Incidence, and Job Search
Unemployment Insurance; Severance Pay; Plant Closings
- Subject
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unemployment benefits
job search
- Event
-
Geistige Schöpfung
- (who)
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Valletta, Robert G.
- Event
-
Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Valletta, Robert G.
- Institute for the Study of Labor (IZA)
Time of origin
- 2014
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