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LIVE AT 1 p.m.: Do expanded unemployment benefits really promote unemployment? Rob Port talks with NDSU professor
Jeremy Jackson, a professor in the Department of Agribusiness and Applied Economics at North Dakota State University, joins this episode of Plain Talk Live to discuss. 12:00 am, May 13, 2021 ×
North Dakota
Governor Doug Burgum announced he was terminating the state s participation in a federal program that expanded unemployment benefits during the COVID-19 pandemic.
Burgum, along with other state leaders across the country, argues that these benefits were providing an incentive to remain unemployed even as the post-pandemic economic recovery made jobs available.
Others argue that the termination of these benefits are bad for workers.
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Giancarlo Corsetti, Gernot Müller
The design of public budget constraints and the effects of austerity policies are salient topics for both policymakers and scholars. The main goal of this literature is to understand whether and how fiscal adjustment can improve the sustainability of welfare systems (Alesina and Perotti 1996, Corsetti 2012, Born et al. 2015). Overall, previous studies find mixed effects on budget constraints in terms of deficit and public debt reduction (Asatryan et al. 2015, Grembi et al. 2016, Coviello et al. 2017, Heinemann et al. 2018). Recent studies have also focused on the adverse political effects of austerity policies (Stiglitz 2016, Fetzer 2019).
In a recent paper (Daniele and Giommoni 2020), we study the impact of fiscal austerity on corruption in the context of Italian municipalities. We find that these budget rules, the Domestic Stability Pact, has led to a reduction in corruption, driven by lower discretionary spending.