Wednesday, July 28, 2010
How Much Do UI Extensions Matter for Unemployment? - The Agenda - National Review Online
How Much Do UI Extensions Matter for Unemployment? - The Agenda - National Review Online:
James Pethokoukis of Reuters flags a blog post at the Atlanta Fed, highlighting Fed research on how UI benefit extensions have affected the unemployment rate. Two Fed studies suggest that they may have contributed 0.4 to 1.7 percentage points to current unemployment. But a closer look at this research makes me skeptical that the effects have been so large."
James Pethokoukis of Reuters flags a blog post at the Atlanta Fed, highlighting Fed research on how UI benefit extensions have affected the unemployment rate. Two Fed studies suggest that they may have contributed 0.4 to 1.7 percentage points to current unemployment. But a closer look at this research makes me skeptical that the effects have been so large."
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