unemployment insurance

The impact of the Federal Pandemic Unemployment Compensation on job search and vacancy creation

During the COVID-19 pandemic, the Federal Pandemic Unemployment Compensation (FPUC) increased US unemployment benefits by $600 a week. Theory predicts that FPUC should decrease job applications, while the effect on vacancy creation is ambiguous. We …

Unemployment Insurance and Job Search Behavior

How does unemployment insurance (UI) affect unemployed workers’ search behavior? Search models predict that until benefit exhaustion, UI depresses job search effort and increases reservation wages. Over an unemployment spell, search effort should …

Job Search, Job Posting and Unemployment Insurance During the COVID-19 Crisis

During the COVID-19 pandemic, many businesses had to close and unemployment skyrocketed. To help the unemployed, the CARES Act increased US unemployment benefits by $600 a week, which increased unemployment benefit replacement rates (benefit/wage) to …

The general equilibrium impacts of unemployment insurance: Evidence from a large online job board

During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board …