“Hanging over the $800 billion Paycheck Protection Program, one of the government’s most expensive pandemic relief efforts, is a simple question.
Did it work?
New research, drawing on millions of wage and payroll records, suggests a complicated answer: Yes, but at an extraordinarily high cost.”
The January 2022 working paper released by Blueprint Labs Co-Director David Autor and co-authors explores the mixed results of the federal Paycheck Protection Program. Read the coverage of the research by the New York Times.