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Papers

Policy Proposal Sep 17, 2020

From Survival to Revival: How to Help Small Businesses through the COVID-19 Crisis

The COVID-19 pandemic poses an existential threat to small businesses, with more than 400,000 lost since the crisis began. Many small businesses are financially fragile and not equipped to weather a prolonged period of substantially reduced revenues. In this proposal, Steven Hamilton of The George Washington University calls for a significant expansion of refundable tax credits to help support small businesses through this crisis.

Economic Analysis Jul 16, 2020

The Nature of Work after the COVID Crisis: Too Few Low-Wage Jobs

David Autor and Elisabeth Reynolds ask whether the COVID-19 pandemic has changed the conventional wisdom about automation and inequality in the United States over the past four decades. They make four projections about a rapidly automating post-COVID-19 economy: increasing telework, city de-densification, large-firm consolidation, and forced automation, all of which have significant, negative consequences for low wage workers and economic inequality.