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Should people who quit get unemployment benefits, too?

Should people who quit get unemployment benefits?

So in a staff report for the Federal Reserve Bank of Minneapolis published in October 2023, Cai and Heathcote did as economists do: They took the unusual dataset of quits and built a model of the US economy to put alternative UI policies to the test. Specifically, their model found that extending UI to cover quits did indeed raise the job matching quality that Acemoglu and Shimer theorized about more than two decades earlier, translating into higher wages and economic growth overall. While the name suggests the JSA would go to people actively looking for work, the proposal only requires that recipients are at least 19, unemployed, ineligible for traditional UI, and don’t have a household income greater than the Social Security taxable wage base, which was $168,600 in 2024.

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