In light of this wk’s cash buffer meme I want to calibrate whether a 70% boost in cash or $1000 is a lot/little for low income families. 2 perspectives: Typical income & expense fluctuations. Racial inequality: $1000 in cash is not very much especially for Black & Latinx families Perspective 1: Cash buffers. In prior work we documented that families experience a lot of income and spending volatility and need a cash buffer to weather these month-to-month fluctuations. jpmorganchase.com/institute/rese…

Today, the #JPMCInstitute released a new insight documenting the impact of supplemental UI benefits on job finding, spending, and saving of jobless workers btwn April-July 2020. We find little evidence that it discouraged people from returning to work. 1/6 jpmorganchase.com/institute/rese… Job finding for UI benefit recipients showed no sustained increase after the $600-per-week federal supplemental UI benefit expired. Furthermore, we observe that more than half of jobless workers who received the $600 supplement returned to work before the supplement expired. 2/6

#JPMCInstitute is #hiring a research analyst and associate to join the team in Washington, D.C. who will conduct economic research for the public good using propriety de-identified big data within JPMorgan Chase. The ideal candidate will have experience in statistics, data science, or computer programming and a strong background in economics or another quantitative social science. We are committed to working in intellectually flat, inclusive and diverse teams. Come join us!