In this analysis, Wendy Edelberg and Stephanie Lu examine the benefits of social insurance programs such as unemployment insurance, rental assistance, and subsidized health insurance. They recommend improving automatic stabilizers so that ad hoc policymaking in the face of an economic downturn becomes the exception, rather than the rule.
Using updated data from the Survey of Consumer Finances (SCF) for 2019, the authors of this blog find that the Black-white wealth gap present heading into the COVID-19 pandemic leaves Black households with far fewer resources to weather the storm.
Although Congress' extraordinary measures early in the pandemic created income streams for millions of unemployed workers, they will not continue into 2021 without further congressional action. With the help of an interactive, Lauren Bauer, Wendy Edelberg, and Stephanie Lu discuss the negative consequences of allowing unemployment benefits to lapse at the end of 2020.
In this analysis, Aaronson and Edelberg find evidence of structural damage in the monthly employment data. Early in the pandemic, most workers who lost jobs were laid off temporarily, as businesses expected to reopen and recall their workers.
This analysis shows the effects on economic activity, as measured by the Gross Domestic Product (GDP), of illustrative versions of several policies. Specifically, researchers examine five policies: a second round of checks to households, a resumption of enhanced unemployment insurance benefits, aid to state and local governments, support for small businesses, and other forms of fiscal support.
An eviction moratorium during the COVID-19 pandemic is critical for the health and economic security of renters—but it is only half the solution. Without rental assistance, we find that “mom and pop” landlords of modest means will experience a significant income shock due to the loss of rental income under the moratorium.
The COVID-19 pandemic has presented the United States with a set of unique public health and economic challenges. Economically, the crisis has negatively affected businesses, the labor market, and households. In this set of 10 facts, Wendy Edelberg, Kristen Broady, Lauren Bauer, and Jimmy O’Donnell assess the extent of these economic damages and provide an overview of existing policy interventions.
This blog post features five figures from recent Hamilton Project essays and analyses that illustrate the economic impact of the COVID-19 pandemic and the need for continued policy response.
In this blog post, researchers show that there is room for Congress to improve the triggers under current law that turn on and maintain the Unemployment Insurance Extended Benefits program to support the long-term unemployed when the labor market is weak. They also show that there is room for states to take full advantage of provisions under current law by opting into more generous benefit extensions.
On Thursday, July 16, The Hamilton Project at the Brookings Institution hosted a webcast examining how COVID-19 is reshaping the future of business and work and the near- and long-term public policy challenges that will result.
The COVID-19 public health crisis, the economic shock triggered by the pandemic, and public policy, business, and individual responses to the pandemic together have provoked the sharpest and fastest economic downturn in U.S. history. Wendy Edelberg and Jay Shambaugh discuss how the current crisis fits into historic context and what will be the long-lasting economic consequences.
Since the March Employment Situation, the number of respondents reporting as "employed but absent from work due to other reasons" has risen as a share of the labor force. In this blog, Lauren Bauer, Wendy Edelberg, Jimmy O'Donnell, and Jay Shambaugh explore the nature and magnitude of this phenomenon and analyze who these "potentially misclassified" respondents are.