²²See the lines for their UI exhaustee sample including and excluding UI income.  Rothstein and Valletta (2017) also point out that “UI benefits replace about 40% of the lost earnings on average” (p. 894). For a household with two income earners with equal income, these findings would mean that income drops to 70% when one earner becomes unemployed and to 50% when benefits run out. In this paper, we ignore several of the channels studied by Rothstein and Valletta (2017) such as within household insurance and other social programs that can provide income even after UI benefits have run out.