Lagged and Gender Heterogeneous Effects of Unemployment Compensation Extensions in the Great Recession
During the Great Recession, the US implemented the Emergency Unemployment Compensation 2008 (EUC08), an unemployment insurance (UI) extension intending to support the unemployed. Exploiting the program's state and month dierential application, this study conducts a dynamic panel dierence-in-dierence to analyse the gender dierential eect of EUC08 on unemployment. It also examines whether program unemployment eects occur instantaneously or with delay. Results sug- gest a lag period of two to four months, wherefore it may be benecial for speedy economic recovery to trigger UI extensions based on forecasted versus historical un- employment rates. Findings also show EUC08 reduced the gender unemployment gap by 0% to 0.8%, thereby reducing the disproportionate eect of the Great Re- cession on male unemployment. Consequently, this research suggests UI extensions are modestly eective unemployment stabilisers.
|Thesis Advisor||Spiritus, K.F.J.|
Patra, K. (2020, May 28). Lagged and Gender Heterogeneous Effects of Unemployment Compensation Extensions in the Great Recession. Business Economics. Retrieved from http://hdl.handle.net/2105/51998