"... the authors estimated that 72% of PPP funds were captured by households with incomes in the top 20% of the national distribution."
and from the AEA
"These numbers imply that only 23 to 34 percent of PPP dollars went directly to workers who would otherwise have lost jobs; the balance flowed to business owners and shareholders, including creditors and suppliers of PPP-receiving firms."
No comments:
Post a Comment