Unemployment Claims, COVID-19 Restrictions and Economic Support Measures in the U.S.
12 Pages Posted: 8 Sep 2021
Date Written: September 7, 2021
This paper considers the role of non-pharmaceutical interventions (NPIs) and economic support measures (ESM) in affecting excess unemployment insurance claims in the U.S. Using a panel Vector AutoRegressive specification, we find that unemployment claims are significantly affected by both policies (NPIs and ESM), and that economic support measures mitigate partially the negative labor market consequences of NPIs.
Keywords: Unemployment Claims, NPIs, Economic Support Measures, Panel VAR
JEL Classification: C3; C5; J6
Suggested Citation: Suggested Citation