A group of economists from Yale University they have not found evidence about what The $600 weekly unemployment benefits that the US Congress authorized in March have reduced employment.
The study results directly challenge a claim frequently made by Republican lawmakers and members of the Trump administration that additional unemployment payments decrease people's desire to return to work.
CARES Act
The expanded CARES Act benefits, a $2.2 trillion stimulus package passed in March, will expire on July 31. And it's not causing a wave of laziness, as many think.
The findings of the cited study suggested that, taken together, the expanded benefits 'neither encouraged layoffs during the onset of the pandemic nor deterred people from returning to work once businesses began to reopen.'
The researchers noted that workers who received larger increases in their unemployment benefits relative to their wages did not experience larger declines in employment. after the enactment of the CARES Act.
The researchers used weekly data from Homebase, a company that provides scheduling and scheduling software to small businesses in the United States. The Federal Reserve Bank of Chicago found a similar trend, according to MarketWatch.
'Those currently receiving benefits search more than twice as hard as those who have exhausted their benefits,' said the study, which was published in June.
The Chicago Fed study also noted that unemployment benefits generally last six months and that people They are paid around 35% of their weekly salary on average.
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The news
The $600 unemployment benefits have not made people work less in the United States
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Xataka Science
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Sergio Parra
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