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Erratum: Recent extensions of U.S. unemployment benefits: search responses in alternative labor market states

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  • Robert Valletta

Abstract

In response to the 2007–09 “Great Recession,” the maximum duration of U.S. unemployment benefits was increased from the normal level of 26 weeks to an unprecedented 99 weeks. I estimate the impact of these extensions on job search, comparing them with the more limited extensions associated with the milder 2001 recession. The analyses rely on monthly matched microdata from the Current Population Survey. I find that a 10-week extension of UI benefits raises unemployment duration by about 1.5 weeks, with little variation across the two episodes. This estimate lies in the middle-to-upper end of the range of past estimates. JEL codes J64; J65 Copyright Valletta; licensee Springer. 2014
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Suggested Citation

  • Robert Valletta, 2015. "Erratum: Recent extensions of U.S. unemployment benefits: search responses in alternative labor market states," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-1, December.
    • Handle: RePEc:spr:izalpo:v:4:y:2015:i:1:p:1-1:10.1186/s40173-015-0031-z
    DOI: 10.1186/s40173-015-0031-z
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    Cited by:

    1. Ajit Zacharias & Thomas Masterson & Fernando Rios-Avila, 2018. "Stagnating Economic Well-Being and Unrelenting Inequality: Post-2000 Trends in the United States," Economics Public Policy Brief Archive ppb_146, Levy Economics Institute.

    More about this item

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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