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 2021-08-03 14:00 UTC by Anil Kashyap, Donald Kohn, David Wessel
By Anil Kashyap, Donald Kohn, David Wessel The problem In March 2020, at the start of the COVID-19 pandemic in the U.S., investors pulled more than $100 billion out of corporate investment-grade and high-yield bond mutual funds, forcing funds to sell some of their holdings. The spread between corporate bond yields and U.S. Treasuries (a market... Read the whole entry... »
By William G. Gale, David C. John, J. Mark Iwry You don’t have to be a mechanic to drive a car, and you shouldn’t have to be a financial expert to prepare for a secure and adequate retirement. In a nutshell, that’s the theme of a new book we edited and contributed to, Wealth after work: Innovative reforms to enhance retirement security. ... Read the whole entry... »
By Matthew Fiedler, Loren Adler Matthew Fiedler and Loren Adler provided comments in response to a request for information on the design of a public health insurance option from the chairs of the House Energy and Commerce Committee and Senate Health, Education, Labor, and Pensions Committee. The letter argues that the principal rational for... Read the whole entry... »
By Matthew Fiedler Matthew Fiedler provided comments to the Centers for Medicare and Medicaid Services on proposed rule that would permit people with incomes below 150% of the federal poverty level (FPL) to enroll in coverage through the Health Insurance Marketplaces established by the Affordable Care Act at any time during the year, rather than... Read the whole entry... »
By Eric Abalahin The Hutchins Center Fiscal Impact Measure shows how much local, state, and federal tax and spending policy adds to or subtracts from overall economic growth, and provides a near-term forecast of fiscal policies’ effects on economic activity. FEDERAL, STATE AND LOCAL FISCAL POLICY AND THE ECONOMY
By Manuel... Read the whole entry... »
By Lorena Hernandez Barcena, Jimena Ruiz Castro, Nasiha Salwati, Louise Sheiner Studies in this week’s Hutchins Roundup find older workers retired at higher rates during the pandemic but did not increase claims for Social Security benefits, some large U.S. firms systemically discriminate against Black applicants, and more. Want to receive... Read the whole entry... »
By Ariel Gelrud Shiro, Richard V. Reeves This week in Class Notes: Read the whole entry... »
Time waited for no mom in 2020
2021-07-22 18:45 UTC by Lauren Bauer, Sara Estep, Winnie YeeBy Lauren Bauer, Sara Estep, Winnie Yee In 2020, mothers of younger children were primary and primarily caregivers. In this piece, we document declines in labor force participation among mothers and provide evidence of how mothers spent their time in between May and December 2020, following the onset of the COVID-19 pandemic. We find that overall,... Read the whole entry... »
By Sophia Campbell, Jimena Ruiz Castro, Nasiha Salwati, David Wessel Studies in this week’s Hutchins Roundup find that urgent care centers raise Medicare spending, U.S. banks were reluctant to draw down capital buffers to lend during the pandemic, and more. Want to receive the Hutchins Roundup as an email? Sign up here to get it... Read the whole entry... »
By Richard V. Reeves, Morgan Welch, Hannah Van Drie Abstract In this brief we examine work and work-based policies in Las Vegas, Nevada – a theme that emerged strongly from focus group data collected in the fall of 2019. The middle-class Americans we talked with were concerned about upward mobility, the changing landscape of work as a result... Read the whole entry... »
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