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News Coverage Jul 14, 2019

Yahoo Finance: Why American teens have left the workforce in droves

“'Teens are working less, both during the summer and during the school year. And what they’re doing instead is they’re using their time really well. Teen enrollment in school during the summer has quadrupled since the ‘80s and has doubled since 2000. And during the school year teens are now much more likely to just be enrolled in school and not trying to juggle both school and work,' Lauren Bauer, a co-author of the study and Brookings Institution economic studies fellow, tells Yahoo Finance’s YFi PM.”

News Coverage Jun 7, 2019

CBS Moneywatch: Here’s who the U.S. tariffs on Mexico would hurt most

“There are two major reasons that poorer Americans are more exposed to tariffs than wealthier ones, Jay Shambaugh, a senior fellow at the Brookings Institution, told the Associated Press. First, poorer Americans tend to spend all of their income, while wealthier Americans have enough left over to save and invest. That means the poor have less means to absorb higher prices. Wealthy people are also more likely to buy services or goods that aren't subject to tariffs, such as gym memberships, entertainment or restaurant meals.”

News Coverage Jun 5, 2019

Bloomberg: The Best Tools for Fighting Recession Run on Autopilot

“An even more ambitious idea [in a Hamilton Project report] comes from economist Claudia Sahm at the Federal Reserve Board. Under Sahm’s proposal, the federal government would simply mail checks to all Americans when a recession hits: Lump-sum…payments would be made to [all] individuals…when the national unemployment rate rises by at least 0.50 percentage points. The…individual payments would [total either] 0.7 percent of GDP, or 1 percent of personal consumption expenditures.”

News Coverage May 30, 2019

The Economist: How should America fight the next downturn?

“If politics were no obstacle, what would be the best way to respond to recessions? A group of policy wonks convened by [The Hamilton Project at] the Brookings Institution and the Washington Centre for Equitable Growth, two think-tanks, recently proposed an array of fixes for Congress to consider. Rather than relying on politicians to do the right thing in the heat of a crisis, they reckon that America needs better automatic stabilisers, which would kick in quickly when a recession occurred and which would gradually be removed when the economy was steady enough to cope without them."