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Abstract Both unemployment insurance (UI) extensions and the availability of disability benefits have disincentive effects on job search. But UI extensions can reduce the efficiency cost of disability benefits if UI recipients delay disability application until they exhaust their unemployment benefits. This paper, the first to focus on the effect of UI extensions on disability…
It’s important to get the Galveston story straight, so it can be put to rest. Most importantly, comparing Social Security to Galveston is comparing apples to oranges. Social Security payroll tax rates cover not only the cost of current benefits but also the program’s legacy costs. The legacy costs exist because benefits were paid to…
