Data and Code for: Early Withdrawal of Pandemic Unemployment Insurance: Effects on Employment and Earnings

Principal Investigator(s): View help for Principal Investigator(s) Kyle Coombs, Columbia University; Arindrajit Dube, University of Massachusetts-Amherst; Calvin Jahnke, Harvard University; Raymond Kluender, Harvard University; Suresh Naidu, Columbia University; Michael Stepner, University of Toronto

Version: View help for Version V1

Name	File Type	Size	Last Modified
code			04/29/2022 04:53:PM
data			04/29/2022 04:53:PM
README.pdf	application/pdf	145.6 KB	04/29/2022 12:42:PM
code files.xlsx	application/vnd.openxmlformats-officedocument.spreadsheetml.sheet	12.1 KB	04/29/2022 11:58:AM

Project Citation:

Coombs, Kyle, Dube, Arindrajit, Jahnke, Calvin, Kluender, Raymond, Naidu, Suresh, and Stepner, Michael. Data and Code for: Early Withdrawal of Pandemic Unemployment Insurance: Effects on Employment and Earnings. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-05-04. https://doi.org/10.3886/E169181V1

Project Description

Summary: We examine the effects of the sudden withdrawal of expanded pandemic unemployment benefits in June 2021 using anonymized bank transaction data for 16,253 individuals receiving UI in April 2021. Comparing the difference in differences between states withdrawing and retaining expanded UI, we find that UI receipt falls 36.3 p.p. while employment rises by only 6.8 p.p. by early September. Average cumulative UI benefits fall by $2,529 while average cumulative earnings increase by only $292. Heterogeneity by unemployment duration implies that these effects are primarily driven by extensive margin expiration of benefits, rather than intensive margin reductions in the benefit level.

Scope of Project

Subject Terms: social insurance; public finance; electronic banking

JEL Classification:
      E65 Studies of Particular Policy Episodes
      J64 Unemployment: Models, Duration, Incidence, and Job Search
      J65 Unemployment Insurance; Severance Pay; Plant Closings

Geographic Coverage: United States

Time Period(s): 1/1/2021 – 9/3/2021

Universe: Banking data from Earnin users.

Data Type(s): event/transaction data

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Published Versions

V1 [2022-05-04]

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DDI 2.5

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