Sensible theories tell us that unemployment insurance levels could reduce workers’ job search intensity, but well-done studies found that wasn’t really the case in 2020. Demand may be rising faster than supply but things are changing fast, systematic data is slow, and so anyone who tells you they know exactly what’s happening in America broadly now is wrong.What else is going on here?Assuming employed, essential workers were more likely to get vaccinated earlier, the non-vaccinated rate is substantially higher for working-age Americans who are not working. My analysis of census data shows that, in January through March, …
