Softening the pandemic's blow to workers

Softening the pandemic's blow to workers

Collection:
Health Policy and Services Research
Series Title(s):
SIEPR policy brief
Author(s):
Blundell, Jack, author
Bloom, Nicholas, author
Pistaferri, Luigi, author
Bell, Brian, author
Contributor(s):
Stanford Institute for Economic Policy Research, issuing body.
Publication:
Stanford, CA : Stanford Institute for Economic Policy Research (SIEPR), May 2020
Language(s):
English
Format:
Text
Subject(s):
Coronavirus Infections -- economics
Economic Recession
Employment -- economics
Pandemics -- economics
United States
Genre(s):
Technical Report
Abstract:
Key takeaways. (1) Recessions typically hit younger workers in smaller firms the hardest. (2) Policymakers should rapidly work to restore a sensible unemployment benefit level so that workers have the incentive to look for new jobs where available. (3) To cushion the impact on the young, policymakers should focus not only on helping young workers find jobs but also helping them find the "right" jobs. (4) Coming out of the crisis, government should explore how it can raise more taxes from older, richer workers. While not without issue, a well-designed wealth tax could be an appropriate response to the COVID-19 shock.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-ND license. (More information)
Extent:
1 online resource (1 PDF file (6 pages))
Illustrations:
Illustrations
NLM Unique ID:
101772296 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101772296