Labor market tightness following the height of the Covid-19 pandemic led to an unexpected
compression in the US wage distribution that reflects, in part, an increase in labor market …

Stimulus checks were sent in response to recent US recessions. These checks grew from
about 40billioninthe2001recessionto 800 billion in the COVID era. Prior studies, however …

Abstract The $800 billion Paycheck Protection Program (PPP) provided pandemic relief to
businesses retaining employees. Prior research has not directly estimated the PPP's …

Advance tax credits may require recipients to repay excess amounts. Policymakers have
limited information about these repayments, their distributional impact, or the cost of …

Abstract Between 2020-2021, the US federal government passed four major pieces of
legislation that included nearly $1 trillion in aid to state and local governments. One concern …

We find that each of the past four generations of Americans was better off than the previous
one, using a post-tax, post-transfer income measure constructed annually from 1963-2022 …