We use an expected utility framework to examine how living standards, or welfare, vary across the U.S. and how each state's welfare has evolved over time. Our welfare measure accounts for cross-state variations in mortality, consumption, education, inequality, and cost of living. While...

We use an expected utility framework to examine how living standards vary across the United States and how each state's living standards have evolved over time. Our welfare measure accounts for cross-state variations in mortality, consumption, education, inequality, and cost of living. We find...

This Note is meant to present an overview of what economists have analyzed regarding the implications of two main components of the CARES Act that impact individuals: the increased UI benefits and the stimulus checks. We present the findings from the literature on these two policies with an eye...