How Unemployment Insurance Increased Unemployment

by American Action Forum on Oct 21, 2013 | Views: 38 | Score: 0
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American Action Forum
American Action Forum on Oct 21, 2013 12:17 PM said:

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.