During the Great Recession unemployment benefit duration increased from its standard 26-week maximum to as long as 99 weeks. Although this policy is intended to ease the hardship of losing a job, recent evidence suggests that the value it adds to not having a job puts upward pressure on wages and consequently decreases hiring.
During the Great Recession unemployment benefit duration increased from its standard 26-week maximum to as long as 99 weeks. Although this policy is intended to ease the hardship of losing a job, recent evidence suggests that the value it adds to not having a job puts upward pressure on wages and consequently decreases hiring.