A greater share of Americans filed for unemployment insurance in the week ending March 21 than in any prior week in American history. We asked Yale SOM's Paul Goldsmith-Pinkham for his perspective on this alarming statistic.
In an analysis of the Great Recession, Yale SOM's Paul Goldsmith-Pinkham and his co-authors found that states with more generous bankruptcy policies lost fewer local jobs. And the ripple effects of additional debt relief during that period spread nationwide, increasing employment by up to 2%.
The Consumer Financial Protection Bureau will stop requiring payday lenders to confirm borrowers' ability to repay. We asked Yale SOM's Paul Goldsmith-Pinkham what this change might mean to financially strapped Americans.