Financial and students' college decisions: evidence from the district of Columbia's tuition assistance grant program
In: Working paper series 10112
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In: Working paper series 10112
In: NBER working paper series 10112
In: NBER working paper series 8513
In: Journal of monetary economics, S. 103672
In: Challenge: the magazine of economic affairs, Band 38, Heft 3, S. 59-62
ISSN: 1558-1489
In: Economics of Wage Determination; Studies in Contemporary Economics, S. 325-327
In: NBER macroeconomics annual, Band 5, S. 169
ISSN: 1537-2642
In: Measuring Economic Sustainability and Progress, S. 25-42
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Working paper
In: The journal of human resources, Band XLI, Heft 3, S. 578-610
ISSN: 1548-8004
In: NBER Working Paper No. w24333
SSRN
Working paper
In: Industrial Relations: A Journal of Economy and Society, Band 53, Heft 4, S. 543-567
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During the recent recession only 17 states offered short-time compensation (STC) - pro-rated unemployment benefits for workers whose hours are reduced for economic reasons. New federal legislation will encourage the expansion of STC. Exploiting cross-state variation in STC, we present new evidence indicating that jobs saved during the recession as a consequence of STC could have been significant in manufacturing, but that the overall scale of the STC program was generally too small to have substantially mitigated aggregate job losses in the 17 states. Expansion of the program is necessary for STC to be an effective counter-cyclical tool in the future.
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In: Upjohn Institute Working Paper No. 12-181
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Working paper
During the recent recession, workers were eligible for UI benefits only if they were laid off in most states. At the start of the recent recession only 17 states offered short-time compensation (STC) - pro-rated unemployment benefits for workers whose hours are temporarily reduced for economic reasons. The severity of the recession, however, has sparked interest in STC as a tool for mitigating unemployment during downturns. New federal legislation enacted in 2012 will encourage more states to adopt STC programs and will promote greater use of work sharing among all states. In this paper we review arguments concerning the desirability of expanding STC programs in the United States and present new evidence on the use of these programs during the recent recession. Our evidence indicates that jobs saved as a consequence of STC could have been significant in sectors like manufacturing that made extensive use of the program. We conclude, however, that, with the possible exception of Rhode Island, the overall scale of the STC program operating in the 17 states was too small to have substantially mitigated the aggregate job losses these states experienced in the recent recession. Expansion of the program within STC states as well as to states without the program is necessary for STC to be an effective countercyclical tool in the future.
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