000			01479nab a2200217 c 4500
999			_c150259 _d150259
003			ES-MaIEF
005			20250211092331.0
007			ta
008			250211t2024 xxu||||| |||| 00| 0eng d
040			_aES-MaIEF _bspa _cES-MaIEF
245	0	0	_aSpending and job-finding impacts of expanded unemployment benefits _bevidence from administrative micro data _c Peter Ganong ... [et al.]
504			_aBibliografía.
520			_aWe show that the largest increase in unemployment benefits in US history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics—but not employment dynamics—during the pandemic. Second, benefit expansions allow us to study the MPC of normally low-liquidity households in a high-liquidity state. These households still have high MPCs. This suggests a role for permanent behavioral characteristics, rather than just current liquidity, in driving spending behavior. Third, the mechanisms driving our results imply that temporary benefit supplements are a promising countercyclical tool.
650		4	_942888 _aESTADOS UNIDOS
650		4	_948379 _aSEGURO DE DESEMPLEO
650		4	_942613 _aDESEMPLEO
650		4	_948067 _aPOLITICA FISCAL
650		4	_940660 _aCONSUMO FAMILIAR
773	0		_9172579 _oOP 234/2024/9 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 114, n. 9, September 2024, p. 2898-2939.
942			_cART