Tag: COVID impact
Introduction The question is how the COVID-19 pandemic affected the finances of the vulnerable households, as well as those with more resources. On one hand, the shutdown of the economy resulted in salary cuts and job losses. On the other hand, many households received substantial government relief – through stimulus payments and unemployment benefits –…
While the contours of the Great Recession and the COVID Recession differed sharply, older workers continued to retire and claim Social Security. The question that my co-authors, Anqi Chen and Siyan Liu, and I explored in a recent study is the relative impacts of the two recessions on the claiming behavior of different groups. To answer that question, we used data…
