Extending Unemployment Compensation

Nobel Laureate Gary Becker and Judge Richard Posner oppose the extension of unemployment benefits. Six months compensation is not enough, says Becker, but two years is too long. “About 9 months of unemployment compensation would be the right length. Anyone unemployed longer than that would lose these benefits. If they want to work they should be forced to adjust, at least temporarily, to the bad economic environment, and accept jobs that they would turn down during good economic times.”