Extensions and rollbacks of US unemployment insurance benefits primarily affected how long people searched for work rather than job finding.

摘要

In 2010, the US government extended unemployment insurance benefits to a maximum of 99 weeks. This extension was rolled back in 2012 and 2013, and now no state has benefits available beyond the normal duration (26 weeks in general). In new research, Henry S. Farber, Jesse Rothstein, and Robert G. Valletta examine the impact of the extension and subsequent rollback of unemployment insurance. They find that the unemployment insurance extension did not substantially reduce the rate at which people found jobs, but did keep them as active labor force participants for longer.