ABSTRACT

State Unemployment Benefits and Returning to Work   [open pdf - 0B]

From the Executive Summary: "[1] The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a $600 federal supplement to state unemployment insurance payments, which will expire on July 31st, but as states begin to reopen, this supplement will create a disincentive for people to return to work. [2] Nationally 63 percent of workers currently make more on unemployment with the federal supplement than they would working, but even if the federal supplement is reduced to $100 a week, 25 percent of the U.S. workforce could still make more on unemployment than returning to work. [3] Due to variations between states, changing the amount of the federal supplement will affect the incentives for some workers more than others, indicating that a uniform federal policy might not be the best approach."

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Date:
2020-05-13
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American Action Forum
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American Action Forum: https://www.americanactionforum.org/
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application/pdf
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