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These studies have uniformly found that a 10-week extension in unemployment benefits raises the average amount of time people spend out of work by at most one week.
In Greece, most members of the governing coalition voted for the budget, which calls for 9.4 billion euros in cuts to salaries, pensions and social benefits, raises the retirement age to 67 from 65 and imposes higher taxes.
The fact that under Dick Cheney's watch the Halliburton Company "laid off thousands of employees and reduced retirees' medical benefits" raises questions as to the true nature of Republican discourse.
I find that a 10-week extension of UI benefits raises unemployment duration by about 1.5 weeks, with little variation across the two episodes.
Krueger and Meyer (2002) conclude that a 10%% increase in unemployment benefits raises the average duration of unemployment by around 5 % although this impact is likely to be much higher in countries with relatively weak eligibility conditions.
As you might expect, requiring insurers to cover a full suite of benefits raises their costs.
Similar(53)
Mr. Toubin said the $100,000 these benefits raised has kept him afloat financially.
The government cut benefits, raised charges and made it harder for workers to claim disability allowances.
Last year, national insurance contributions – which the government has to spend on specified benefits – raised £102bn.
Still, for all the perceived benefits, raising money is not easy.
To keep them solvent, Congress would need to trim benefits, raise taxes or take some combination of such steps.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com