2023-09-28 14:46:10 +00:00
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abstract: 'The COVID-19 pandemic and the associated government-mandated shutdowns
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caused a historic shock to the U.S. economy and a disproportionate job
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loss concentrated among the working class. While an unprecedented social
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safety net policy response successfully offset earnings losses among
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lower-wage workers, the risk of continued and persistent unemployment
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remains higher among the working class. The key lesson from the Great
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Recession is that strong economic growth and a hot labor market do more
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to improve the economic well-being of the working class and historically
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disadvantaged groups than a slow recovery that relies on safety net
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policies to help replace lost earnings. Thus, the best way to prevent a
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``k-shaped{''''} recovery is to ensure that safety net policies do not
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interfere with a return to the strong pre-pandemic economy once the
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health risk subsides and that progrowth policies that incentivize
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business investment and hiring are maintained.'
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affiliation: 'Corinth, K (Corresponding Author), Univ Chicago, Harris Sch Publ Policy,
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Comprehens Income Dataset Project, Chicago, IL 60637 USA.
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Burkhauser, Richard V., Cornell Univ, Publ Policy, Ithaca, NY 14853 USA.
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Corinth, Kevin, Univ Chicago, Harris Sch Publ Policy, Comprehens Income Dataset
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Project, Chicago, IL 60637 USA.
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Corinth, Kevin; Holtz-Eakin, Douglas, Council Econ Advisers, Washington, DC USA.
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Corinth, Kevin, Amer Enterprise Inst Publ Policy Res, Washington, DC USA.
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Holtz-Eakin, Douglas, Amer Act Forum, Washington, DC USA.
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Holtz-Eakin, Douglas, Congress Budget Off, Washington, DC USA.
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Holtz-Eakin, Douglas, Syracuse Univ, Syracuse, NY 13244 USA.
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Holtz-Eakin, Douglas, Columbia Univ, New York, NY 10027 USA.'
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author: Burkhauser, Richard V. and Corinth, Kevin and Holtz-Eakin, Douglas
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author-email: kcorinth@uchicago.edu
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author_list:
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- family: Burkhauser
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given: Richard V.
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- family: Corinth
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given: Kevin
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- family: Holtz-Eakin
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given: Douglas
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da: '2023-09-28'
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doi: 10.1177/00027162211031772
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eissn: 1552-3349
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files: []
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issn: 0002-7162
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journal: ANNALS OF THE AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE
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keywords: 'COVID-19 Recession; Great Recession; income growth; employment; safety
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net policy; working class'
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language: English
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month: MAY
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number: 1, SI
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number-of-cited-references: '42'
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pages: 314-330
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papis_id: 25e6c30c94bf5d12a21a09211ea50368
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ref: Burkhauser2021policieshelp
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times-cited: '0'
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title: 'Policies to Help the Working Class in the Aftermath of COVID-19: Lessons from
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the Great Recession'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000687750000018
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usage-count-last-180-days: '1'
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usage-count-since-2013: '8'
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volume: '695'
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web-of-science-categories: Political Science; Social Sciences, Interdisciplinary
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year: '2021'
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