Impact of Additional Unemployment Insurance Benefits on Employment and Economic Recovery: How the $600-per-Week Bonus Could Backfire [open pdf - 340KB]
From the Key Takeaways: " Much of the CARES Act [Coronavirus Aid, Relief, and Economic Security Act] attempts to keep workers connected to employers during the crisis--but the $600 unemployment bonus is incentivizing job losses.  The extra $600 per-week benefit could increase unemployment by 13.9 million, and reduce GDP by up to $1.49 trillion.  To help Americans stay employed, and to mitigate the economic downturn, lawmakers should cap unemployment benefits at no more than 100 percent of wages."
Backgrounder No. 3490
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Heritage Foundation: https://www.heritage.org/