To: i-node who wrote (694983 ) 1/24/2013 1:54:25 PM From: combjelly Read Replies (1) | Respond to Look, you all your bolding doesn't make those things true.Great Recession , the “moral hazard” issue of whether unemployment insurance—and specifically extending benefits past the maximum 99 weeks—significantly encourages unemployment by discouraging workers from finding and taking jobs, has been expressed by Republican legislators. Conservative economist Robert Barro found that benefits raised the unemployment rate 2%. [44] [45] Disagreeing with Barro's study were Berkeley economist Jesse Rothstein, who found the “vast majority” of unemployment was due to “demand shocks” not “[unemployment insurance]-induced supply reductions.” [45] [46] A study by Rothstein of extensions of unemployment insurance to 99 weeks during the Great Recession to test the hypothesis that unemployment insurance discourages people from seeking jobs found the overall effect of UI on unemployment was to raise it by no more than one-tenth of one percent. [47] [48] Congressional Budget Office found that even if unemployment benefits convince some unemployed to ignore job openings, these openings were quickly filled by new entrants into the labor market. [45] [49] A survey of studies on unemployment insurances’s effect on employment by the Political Economy Research Institute found that unemployed who collected benefits did not find themselves out of work longer than those who didn’t have unemployment benefits; and that unemployed workers did not search for work more or reduce their wage expectations once their benefits ran out. [45] [50] [43] Economic rationale and issues You really don't know shit about this subject CJ. Not only does it defy logic, it defies what we know to be fact. It is really amazing that purportedly intelligent people would sacrifice all reason in favor of towing the party line, but you guys do it, year in, year out. It is something to see.
