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UID:event-12471@amse-aixmarseille.fr
DTSTAMP:20261026T113407Z
CREATED:20261026T113407Z
LAST-MODIFIED:20261026T113407Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Etienne Lalé
DTSTART:20250925T123000Z
DTEND:20250925T133000Z
DESCRIPTION:Unemployment insurance (UI) acts both as a disincentive for lab
 or supply and as a demand stimulus\, which may explain why empirical studie
 s often find limited effects of UI on employment. This paper provides ind
 ependent estimates of the disincentive effects arising from the largest e
 xpansion of UI in U.S. history\, the pandemic unemployment benefits. UsingÂ
  high-frequency data on small restaurants and retailers from Homebase\, we 
 control for demand effects by comparing neighboring businesses that largely
  share the positive impact of UI stimulus. We find that employment in low-w
 age businesses recovered more slowly than employment in neighboring high-w
 age businesses in labor markets with larger dfferences in the relative gen
 erosity of pandemic UI benefits. According to a labor search model that rep
 licates the estimated employment dfferences between low- and high-wage bus
 inesses\, the disincentive effects from the pandemic UI programs held back 
 the aggregate employment recovery by 3.4 percentage points between April a
 nd December 2020.\\n\\nContact: Marco Fongoni : marco.fongoni[at]univ-amu.f
 rAlexandros Loukas : alexandros.loukas[at]univ-amu.fr\n\nPlus d'information
 s: https://amse-aixmarseille.fr/fr/evenements/etienne-lal%C3%A9
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://amse-aixmarseille.fr/fr/evenements/etienne-lal%C3%A9
CONTACT:Marco Fongoni : marco.fongoni[at]univ-amu.frAlexandros Loukas : ale
 xandros.loukas[at]univ-amu.fr
TRANSP:OPAQUE
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