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5:09 . 5G AA studypool.com IVUIIICUT DUUUIIT Institution affiliation Module 4 – Unemployment benefits Effect of the payment of government unemployment benefits on the unemployment rate. Unemployment benefits’ purpose is to protect workers against the economic effects of job loss during a recession. According to Mankiw (2021), when the payment becomes too generous, the unemployment rate increases because of the laxity of workers to look for new jobs, unlike they would when not receiving the benefits. However, this is managed because unemployed workers are unable to borrow against future earnings, and the social pressure from being unemployed is not socially desirable and drives individuals to look for employment (Moffitt, 2014). Effect of the payment of government-unemployment benefits on the severity of recessions. Since unemployment benefit gets

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