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Who Benefited Most from the CARES Act Unemployment Insurance Provisions?

Author

Listed:
  • Lei Fang
  • Jun Nie
  • Zoe Xie

Abstract

The regular unemployment insurance (UI) program in the United States requires workers to have a minimum amount of earnings as well as a sufficient work history before unemployment. Low-wage workers are more likely to have a short work history before unemployment because they are more likely to be separated from their jobs. Pandemic Unemployment Assistance (PUA) under the CARES Act temporarily eliminated the requirements for minimum past earnings and length of employment, thus making many low-wage workers who were ineligible for UI under the regular program temporarily eligible. The extra weekly benefit provided by Federal Pandemic Unemployment compensation (FPUC) under the CARES Act UI was also more important to low-wage workers. Hence low-wage workers benefited more from the CARES Act UI policies.

Suggested Citation

  • Lei Fang & Jun Nie & Zoe Xie, 2022. "Who Benefited Most from the CARES Act Unemployment Insurance Provisions?," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2022(4), pages 1-6, April.
    • Handle: RePEc:fip:a00068:99092
    DOI: 10.29338/ph2022-04
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    More about this item

    Keywords

    CARES Act; PUA; unemployment insurance; minimum past earning requirement; labor markets; fiscal policy;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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