IDEAS home Printed from https://ideas.repec.org/a/fip/fednep/y2005iaugp61-79nv.11no.1.html
   My bibliography  Save this article

The recession of 2001 and unemployment insurance financing

Author

Listed:
  • Wayne Vroman

Abstract

Although the economic downturn of 2001 was one of the mildest of the past fifty years, between 2002-04, several large states experienced difficulties financing their unemployment insurance (UI) programs. Vroman discusses the recession's effects on states experiencing UI funding problems and the borrowing options available when state trust fund reserves are inadequate. Among his findings, Vroman concludes that all of the states that had to borrow had low trust fund balances at the end of December 2000-just before the recession began-and that funding problems have been concentrated among the large states.

Suggested Citation

  • Wayne Vroman, 2005. "The recession of 2001 and unemployment insurance financing," Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 61-79.
    • Handle: RePEc:fip:fednep:y:2005:i:aug:p:61-79:n:v.11no.1
    as

    Download full text from publisher

    File URL: https://www.newyorkfed.org/medialibrary/media/research/epr/05v11n1/0508vrom.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wayne Vroman, 1990. "Unemployment Insurance Trust Fund Adequacy in the 1990s," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number uitfa, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christopher J. O'Leary & Stephen A. Wandner (ed.), 1997. "Unemployment Insurance in the United States: Analysis of Polciy Issues," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number uius2, August.
    2. Saul J. Blaustein & Christopher J. O'Leary & Stephen A. Wandner, 1997. "Policy Issues: An Overview," Book chapters authored by Upjohn Institute researchers, in: Christopher J. O'Leary & Stephen A. Wandner (ed.), Unemployment Insurance in the United States: Analysis of Policy Issues, chapter 1, pages 1-49, W.E. Upjohn Institute for Employment Research.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednep:y:2005:i:aug:p:61-79:n:v.11no.1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.