Posted by Ashley Fox on December 02, 2016 at 11:57 AM
The Office of the Budget Director of the Council of the District of Columbia released an Economic and Policy Impact Statement on the “Universal Paid Leave Amendment Act of 2016” that offers the Council an evidence-based resource for weighing a piece of legislation’s policy implications and economic costs and benefits. It is divided into four sections:
- A review of paid leave programs’ impacts on labor markets, the business climate, and health, based on empirical evidence from more than 170 peer-reviewed studies.
- A detailed benchmarking analysis of paid leave programs in other states.
- An assessment of District-based employees’ current access to paid and unpaid leave.
- An economic analysis of the legislation’s projected impact on the DC economy using REMI, a widely used economic forecasting model.