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Title
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Sectoral employment effects of state fiscal relief : evidence from the great recession, lessons for the Covid-19 crisis
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Author
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Abstract
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| This paper documents that the employment effects of financial aid to U.S. states during the Great Recession were strongly unevenly distributed across sectors. We show that state fiscal relief had a double dividend: not only did it preserve a substantial number of jobs, but it also fostered employment most strongly in the sectors hit hardest by the recession. We exploit differences in the distribution of recessionary job losses across states to draw conclusions for the Covid-19 recession. Our results suggest that the double dividend of state fiscal relief cannot be taken for granted. |
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Language
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English
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Source (journal)
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Covid Economics: Vetted and Real-Time Papers
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Publication
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2020
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Volume/pages
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45
(2020)
, p. 147-166
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Full text (publisher's version - intranet only)
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