Between a rock and a hard place: The costs and benefits of expanded unemployment insurance benefits

被引：0

作者：

Hamdi, Naser ^{[1
]}

Kalda, Ankit ^{[2
]}

Sovich, David ^{[3
]}

机构：

[1] Equifax Inc, Atlanta, GA USA

[2] Indiana Univ, Kelley Sch Business, Indiana, PA USA

[3] Univ Kentucky, Gatton Coll Business & Econ, Lexington, KY 40506 USA

来源：

JOURNAL OF PUBLIC ECONOMICS | 2025年 / 242卷

关键词：

Unemployment insurance; Social insurance; COVID-19; Job search; Default;

D O I：

10.1016/j.jpubeco.2024.105295

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine how the withdrawal of the largest expansion of unemployment insurance (UI) benefits in United States history affected job-finding, demand for other government assistance, and credit defaults. Using administrative UI data merged with credit records and applications for Medicaid and SNAP, we show that UI withdrawal led to an increase in job-finding that was most pronounced among financially constrained individuals with limited available credit. The cost savings from higher job-finding came at the expense of increased demand for other government services and higher defaults. Our results highlight an important interaction between UI, household finances, and other social insurance programs.

引用

页数：9