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|z 9781513572680
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Hellwig, Klaus-Peter.
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|a Supply and Demand Effects of Unemployment Insurance Benefit Extensions :
|b Evidence from U.S. Counties /
|c Klaus-Peter Hellwig.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
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|a 1 online resource (35 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.
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|a Mode of access: Internet
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|a Automatic Stabilizers
|2 imf
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|a Benefit Extension
|2 imf
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|a Fiscal Multiplier
|2 imf
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|a Labor Markets
|2 imf
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|a State UI Scheme
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|a IMF Working Papers; Working Paper ;
|v No. 2021/070
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2021/070/001.2021.issue-070-en.xml
|z IMF e-Library
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