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The Surprising Results of Pandemic Unemployment Benefits
In March 2020, the CARES Act expanded who was eligible for unemployment benefits, how much they could collect and for how long. Economists are now finding patterns in job searches and spending during this enormous expansion that seem to counter common economic assumptions. Peter Ganong and Fiona Greig join to discuss the surprising effects they uncovered in the data.
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By Becker Friedman Institute at UChicago
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In March 2020, the CARES Act expanded who was eligible for unemployment benefits, how much they could collect and for how long. Economists are now finding patterns in job searches and spending during this enormous expansion that seem to counter common economic assumptions. Peter Ganong and Fiona Greig join to discuss the surprising effects they uncovered in the data.
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