TY  - RPRT
        AU  - Burkhauser, Richard V.
AU  - Corinth, Kevin
AU  - Holtz-Eakin, Douglas
        TI  - Policies to Help the Working Class in the Aftermath of COVID-19: Lessons from the Great Recession
        PY  - 2021/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14166
        UR  - https://www.iza.org/publications/dp14166
        AB  - The COVID-19 pandemic and the associated government mandated shutdowns caused a historic shock to the U.S. economy and a disproportionate job loss concentrated among the working class. While an unprecedented social safety net policy response successfully offset earnings loses among lower-wage workers, the risk of continued and persistent unemployment remains higher among the working class. The key lesson from the Great Recession is that strong economic growth and a hot labor market do more to improve the economic wellbeing of the working class and historically disadvantaged groups than a slow recovery that relies on safety net policies to help replace lost earnings. Thus, the best way to prevent a "K-shaped" recovery is to ensure that safety net policies do not interfere with a return to the strong pre-pandemic economy once the health risk subsides, and that pro-growth policies that incentivize business investment and hiring are maintained.
        KW  - employment
KW  - income growth
KW  - Great Recession
KW  - COVID-19 Recession
KW  - safety-net policy
KW  - working class
        ER  -