According to a new paper and policy brief by Ted Gayer and Emily Parker, the Car Allowance Rebate System (CARS) or “cash for clunkers” program, launched during the height of the recession with the intention of stimulating the economy, creating jobs, and reducing emissions, was actually far more expensive per job created than alternative fiscal stimulus programs.
Authors
Ted Gayer
President
- Niskanen Center,
Former Executive Vice President
- The Brookings Institution
EP
Emily Parker
Research Assistant
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