I analyze the impact of the CARES Act unemployment subsidy on US income and inequality in the first month of the COVID-19 crisis using March-April Current Population Survey data. I then use monthly industry unemployment data to extend this panel to July. Next, I estimate the impact of the expiration of the CARES Act subsidy on average income and inequality. Finally, I extend the panel to November to simulate the effects of proposed HEALS and HEROES Acts. I find the CARES Act subsidy was effective at increasing average income above pre-crisis levels and reducing inequality. The expiration of the CARES Act subsidy caused a decrease in average income and increase in inequality relative to pre-crisis levels. I find the proposed HEALS legislation will return inequality to near pre-crisis levels, while the proposed HEROES Act will result in higher income and lower inequality than existed before the crisis.

我使用 3 月至 4 月当前人口调查数据分析了新冠肺炎 (COVID-19) 危机第一个月《CARES 法案》失业补贴对美国收入和不平等的影响。然后，我使用月度行业失业数据将该面板延长至 7 月。接下来，我估计了 CARES 法案补贴到期对平均收入和不平等的影响。最后，我将小组延长至 11 月，以模拟拟议的治愈和英雄法案的效果。我发现《关怀法案》补贴能够有效地将平均收入提高到危机前的水平以上并减少不平等。《CARES 法案》补贴到期导致平均收入相对于危机前水平下降，不平等现象加剧。我发现拟议的 HEALS 立法将使不平等现象恢复到接近危机前的水平，