Econometric study finds that UI benefits extensions caused increased in unemployment rates during great recession
Authors find that the “persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of unemployment benefit eligibility” http://www.philadelphiafed.org/research-and-data/events/2013/macroeconomics-across-time-and-space/papers/Manovskii0501.pdf Authors: Marcus Hagedorny Fatih Karahanz Iourii […]
Earnings losses, fringe benefits multipliers, and taxable income
In earnings losses analyses which is relevant: total earnings or total taxable earnings? A: Total earnings. Taxes and tax laws are subject to change. Additionally, fringe benefit values, such as […]
Commercial loan delinquencies down to pre-recession levels
Commercial loan delinquencies (late loans and defaults) are less than half of what they were during the last recession; now lower than pre-recession levels of (1.5%). f Source: […]