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BPEA Article

Why is Insured Unemployment so Low?

Abstract

THE NATION'S unemployment rate has risen to new post-Depression highs
since 1980. But at the same time the number of persons receiving
unemployment compensation benefits has been unusually low relative
to the total number of unemployed. Two types of state and federal
programs are involved in this development: regular unemployment
benefits and extended and supplemental benefit programs

Commenter

Lawrence H. Summers

Charles W. Eliot University Professor and President Emeritus - Harvard University

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