Cutting unemployment benefits won't bring back workers — but will hurt millions of families, new research finds

… A February study from the University of Chicago found that not only did more generous jobless benefits not curb people's propensity to seek jobs, it also generated among those households an unexpected increase in spending. "These spending and job finding facts suggest that benefit expansions during the pandemic were a more effective policy than predicted by standard structural models," the study's authors wrote...
https://www.nbcnews.com/business/economy/cutting-unemployment-benefits-won-t-bring-back-workers-will-hurt-n1268191