A Quote by Raj Chetty

It is well known that unemployment benefits raise unemployment durations.

Raj Chetty

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Benefits Known Raise Unemployment Unemployment Benefits Well Well Known

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Raj Chetty
American - Economist
Born: August 4, 1979

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.

Paul Krugman

In the name of compassion, Obama advocates seemingly endless extensions of unemployment benefits because his economic theology holds that by paying people not to work, you will create jobs. It not only fails to factor in the obvious deterrent that extended benefits have on their recipients but also falsely assumes that transferring money from one pocket to the next generates more spending - by some mythical multiple factor, no less. Back on planet Earth, studies reveal that extending unemployment benefits results in more unemployment.

David Limbaugh

They keep extending these unemployment benefits to the point where people are afraid to go out and get a job, because the job doesn't pay as much as the unemployment benefit does.

Sharron Angle

You know, there is an argument to be made that these extensions of unemployment benefits keep people from going and finding jobs. In fact there are some studies that have been done that show people stay on unemployment compensation and they don't look for a job until two or three weeks before they know the benefits are going to run out.

Tom DeLay

Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of unemployment is worse when it is experienced as part of a longer spell.

Janet Yellen

The only way to eliminate unemployment is to eliminate unemployment benefits.

Philip Larkin

I've heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether.

Tom Perez

Unemployment insurance was meant to be a bridge for temporary spells of unemployment. The bad news is all the evidence is that the longer you have unemployment insurance, the longer people stay out of work, their skills erode. The job they ultimately get pays less. And that's not to their benefit.

Harry Reid

High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.

Steve Hanke

Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.

Arthur Laffer

Speaker Pelosi says unemployment benefits are economic stimulus. Those are bare-bones benefits.

Alan Nunnelee

The 'black rule' is that youth unemployment is, on average, double a country's unemployment rate.

Alain Dehaze

I am not alone in that I've had times of unemployment - unemployment is huge amongst disabled people.

Rosie Jones

Unemployment doles can have no other effect than the perpetuation of unemployment.

Ludwig von Mises

Well, our economy is very strong and growing. We have created 5.4 million new jobs in the last 3 years. Our unemployment rate is better than the average unemployment rate of the 1960s, 1970s, 1980s, and 1990s.

Ric Keller

All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.

Milton Friedman

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