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March Study.pdf

Forsythe_UI_draft_march8_2021-1.pdf
Preview of March study
🔗 Source: publish.illinois.edu
📊 Size: 556 KB
📄 Pages: 22 pages
⬇️ Downloads: 125

Summary

The US is experiencing a continued economic crisis due to the Covid-19 pandemic, with high infection rates and widespread job losses. The federal government is considering additional economic relief, including extensions to unemployment insurance. To understand the effectiveness of the current Unemployment Insurance (UI) system, the author analyzes data from the Understanding America Survey (UAS) to determine how many unemployed individuals are receiving UI benefits. The results show that in January 2021, only 14% of currently unemployed individuals reported receiving UI benefits in the last two weeks, and since June 2020, 41% of the unemployed reported receiving benefits at some point or waiting for approval. The author finds significant differences in UI receipt among demographic groups, with Asian, Black, young, and less-educated workers being less likely to receive benefits. The study suggests that the current UI system is not reaching all unemployed individuals, and policymakers should consider additional instruments to support those excluded from the UI system.

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Description

The US is experiencing a continued economic crisis due to the Covid-19 pandemic, with high infection rates and widespread job losses.

Technical Information

  • File Format: PDF
  • File Size: 556 KB
  • Pages: 22
  • Language: EN
  • Total Downloads: 125
  • Last Updated: 2 months ago

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