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Unemployment Insurance : Economic Lessons From the Last Two Recessions, No. 21-26

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Unemployment Insurance : Economic Lessons From the Last Two Recessions, No. 21-26

DATE: August 2021

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ABSTRACT: In this Economic Brief, we give an overview of the changes that have taken place in the unemployment insurance system during the last two severe economic episodes: the Great Recession and the COVID-19 pandemic. We discuss how unemployment benefits supported households' consumer spending and whether it slowed labor market recovery.

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Karabarbounis, Marios and Federal Reserve Bank of Richmond. "Unemployment Insurance : Economic Lessons From the Last Two Recessions, No. 21-26," Economic Brief (August 2021). https://fraser.stlouisfed.org/title/6034/item/605006, accessed on April 1, 2023.

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