Joseph Vavra
An economist from Chicago Booth
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Sep 5, 2023 • 27min
Lessons from Pandemic Unemployment Benefits: When Government Generosity Becomes Necessity
Economists Peter Ganong and Joe Vavra discuss the impacts of pandemic unemployment benefits on spending and job-finding. They explore the increase in benefits, challenges in delivering them, and the stabilizing effect of temporary expansions. They also discuss the need for careful policy design and implementing automatic triggers based on labor market indicators.
