In response to the COVID-19 pandemic, the U.S. government implemented the largest expansion in federal unemployment insurance (UI) benefits in U.S. history. Did expanded UI reach those who needed help? Did it stimulate the economy? And did it disincentivize people from looking for work as the pandemic abated? Fiona Greig, managing director and co-president of the JPMorgan Chase Institute, and Pascal Noel, Neubauer Family Assistant Professor of Finance at the University of Chicago Booth School of Business, join host David Wessel to discuss lessons learned about unemployment insurance.
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Authors
Commentary
PodcastHow did expanded Unemployment Insurance affect the COVID-19 economy?
Fiona Greig,
Fiona Greig
Managing Director and Co-President
- JPMorgan Chase Institute
@FionaGreigDC
Pascal Noel, and
Pascal Noel
Assistant Professor of Finance
- University of Chicago Booth School of Business
@pascaljnoel
David Wessel
David Wessel
Director
- The Hutchins Center on Fiscal and Monetary Policy,
Senior Fellow
- Economic Studies
@davidmwessel
May 24, 2022