Over-long unemployment benefits have been independently studied in the past and I have referred to the statistics before. Left-leaning politicians, seeking votes from the unemployed, love to use them. Those who want jobs are thereby being hoodwinked, and go along with the extended benefit ploy.
Statistics show the effects of the psychology involved. The program invites incentives not to work, Because extending benefits and then re-extending them creates what is called a “reservation” wage. People who ordinarily get relatively lower-scale income tend not to look for work until the unemployment wage runs out.
Moreover, the funds used by government generally come from additional taxes on the employed and industry, or from additional budget deficits.
All this adds to further unemployment.
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