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Evaluating the Success of President Johnson's War on Poverty : Revisiting the Historical Record Using a Full-Income Poverty Measure

Burkhauser, Richard V. - 2020

We evaluate progress in President's Johnson's War on Poverty. We do so relative to the scientifically arbitrary but … policy relevant 20 percent baseline poverty rate he established for 1963. No existing poverty measure fully captures poverty … reductions based on the standard that President Johnson set. To fill this gap, we develop a Full-income Poverty Measure with …

Persistent link: https://www.econbiz.de/10012844816

Impacts of the Covid-19 Pandemic and the Cares Act on Earnings and Inequality

Cortes, Guido Matias - 2020

Using data from the Current Population Survey (CPS), we show that the COVID-19 pandemic led to a loss of aggregate real labor earnings of more than $250 billion between March and July 2020. By exploiting the panel structure of the CPS, we show that the decline in aggregate earnings was entirely...

Persistent link: https://www.econbiz.de/10012824413