How did expanded Unemployment Insurance affect the COVID-19 economy?

recession remedies unemployment insurance

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.

Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on AppleSpotify, Google, or wherever you listen to podcasts. Send feedback email to [email protected], and follow and tweet at @policypodcasts on Twitter.