Enacted March 27, 2020, the Paycheck Protection Program (PPP) was the most ambitious and creative fiscal policy response to the Pandemic Recession in the United States. PPP offers forgivable loans — essentially grants — to businesses with 500 or fewer employees that meet certain...

Anecdotal evidence suggests that the cost of child care in the U.S. has increased substantially over the past few decades. This paper marshals data from a variety of sources to rigorously assess the issue. It begins by using nationally representative survey data to trace the evolution in...

This paper investigates how the precision and stability of a teacher's value-added estimate relates to the characteristics of the teacher's students. Using a large administrative data set and a variety of teacher value-added estimators, it finds that the stability over time of teacher...

This strategy paper by the Institute for the Study of Labor (IZA) shows ways in which Germany once more can attain full employment in the coming decade. Much of what the previous government's Agenda 2010 has put into motion has clearly steered labor market development in the right direction. The...

Mit diesem Strategiepapier zeigt das Institut zur Zukunft der Arbeit (IZA) Wege auf, wie Deutschland in der vor uns liegenden Dekade wieder Vollbeschäftigung erreichen kann. Die Agenda 2010 hat die Arbeitsmarktentwicklung erkennbar in die richtige Richtung bewegt und für ein neues Denken...