TY  - RPRT
        AU  - Boone, Christopher
AU  - Dube, Arindrajit
AU  - Goodman, Lucas
AU  - Kaplan, Ethan
        TI  - Unemployment Insurance Generosity and Aggregate Employment
        PY  - 2016/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10439
        UR  - https://www.iza.org/publications/dp10439
        AB  - This paper examines the impact of unemployment insurance (UI) on aggregate employment by exploiting cross-state variation in the maximum benefit duration during the Great Recession. Comparing adjacent counties located in neighboring states, we find no statistically significant impact of increasing UI generosity on aggregate employment. Our point estimates are uniformly small in magnitude, and the most precise estimates rule out employment-to-population ratio reductions in excess of 0.32 percentage points from the UI extension. We show that a moderately sized fiscal multiplier can rationalize our findings with the small negative labor supply impact of UI typically found in the literature.
        KW  - fiscal multiplier
KW  - unemployment insurance
KW  - labor supply
        ER  -