Article2015

The Effect of Extended Unemployment Insurance Benefits: Evidence from the 2012–2013 Phase-Out

Henry S. Farber · Jesse M. Rothstein · Robert G. Valletta

91 citations0/0 files storedAmerican Economic Review

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Labor market dynamics and wage inequality Retirement, Disability, and Employment Employment and Welfare Studies

Abstract

Unemployment Insurance benefit durations were extended during the Great Recession, reaching 99 weeks for most recipients. The extensions were rolled back and eventually terminated by the end of 2013. Using matched CPS data from 2008-2014, we estimate the effect of extended benefits on unemployment exits separately during the earlier period of benefit expansion and the later period of rollback. In both periods, we find little or no effect on job-finding but a reduction in labor force exits due to benefit availability. We estimate that the rollbacks reduced the labor force participation rate by about 0.1 percentage point in early 2014.

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References

1985Estimating Gross Labor-Force Flows 2011Unemployment Insurance and Job Search in the Great Recession 2007The Spike at Benefit Exhaustion: Leaving the Unemployment System or Starting a New Job?2011Unemployment Insurance and Job Search in the Great Recession 2011Should Unemployment Insurance Vary With the Unemployment Rate? Theory and Evidence 2013Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects 2015Do Extended Unemployment Benefits Lengthen Unemployment Spells?

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