The Paycheck Protection Program provided unemployment recipients with a $600 per week payment in addition to their

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The Paycheck Protection Program provided unemployment recipients with a $600 per week payment in addition to their regular unemployment benefits. If the regular unemployment benefits replaced 50 percent of the employee’s previous earnings, how large is the total replacement income (including the supplement) of an employee who was working 40 hours per week at a wage of $15 per hour prior to their layoff? How will the replacement income affect the incentive of the worker to quickly return to his or her previous job?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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