Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data (Record no. 134525)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01615nas a2200265Ia 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241107c99999999xx |||||||||||| ||und|| |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
| International Standard Serial Number | 0002-8282 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ganong, Peter |
| 9 (RLIN) | 123504 |
| 245 #0 - TITLE STATEMENT | |
| Title | Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | American Economic Review |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2024 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 2898-2939 |
| 520 ## - SUMMARY, ETC. | |
| Abstract | We show that the largest increase in unemployment benefits in US history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics-but not employment dynamics-during the pandemic. Second, benefit expansions allow us to study the MPC of normally low-liquidity households in a high-liquidity state. These households still have high MPCs. This suggests a role for permanent behavioral characteristics, rather than just current liquidity, in driving spending behavior. Third, the mechanisms driving our results imply that temporary benefit supplements are a promising countercyclical tool. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Aggregate Human Capital |
| 9 (RLIN) | 119520 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Aggregate Labor Productivity |
| 9 (RLIN) | 119521 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Macro-Based Behavioral Economics |
| 9 (RLIN) | 123505 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Severance Pay |
| 9 (RLIN) | 119205 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Unemployment |
| 9 (RLIN) | 3282 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Macroeconomics |
| 9 (RLIN) | 82965 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Greig, Fiona |
| 9 (RLIN) | 123506 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Noel, Pascal |
| 9 (RLIN) | 123507 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Sullivan, Daniel M. |
| 9 (RLIN) | 123508 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Vavra, Joseph |
| 9 (RLIN) | 123509 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://www.aeaweb.org/articles?id=10.1257/aer.20220973">https://www.aeaweb.org/articles?id=10.1257/aer.20220973</a> |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha biblionumber | 134525 |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Date acquired | Serial Enumeration / chronology | Total Checkouts | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr VKRV Rao Library | Dr VKRV Rao Library | 07/11/2024 | Vol. 114, No. 9 | AI796 | 07/11/2024 | 07/11/2024 | Article Index |