Search Results
Journal Article
How Did the Great Recession Affect Payday Loans?
This article answers two important questions: Did payday borrowing rise during the Great Recession? And did the use of payday loans expand beyond low-income borrowers to include more middle-income borrowers?
Journal Article
Family resources and college enrollment
This article reviews the literature on the effects of family income and tuition costs on college and enrollment and finds mixed evidence in support of tuition subsidies. The author also presents new evidence showing that college enrollment is especially sensitive to income for families with modest amounts of wealth, suggesting that borrowing constraints may be a factor in limiting access to higher education.
Journal Article
What is behind the rise in long-term unemployment?
This article analyzes what is behind the recent unprecedented rise in long-term unemployment and explains what this rise might imply for the economy going forward. In particular, the authors attribute the sharp increase in unemployment duration in 2009 to especially weak labor demand and, to a lesser degree, extensions in unemployment insurance benefits.
Journal Article
Black–White Differences in Intergenerational Economic Mobility in the U.S.
In recent decades, blacks have experienced substantially less upward mobility and substantially more downward mobility from one generation to the next than whites. These results are shown to be highly robust to a variety of measurement issues. The author examines rates of intergenerational mobility by race and asks whether such racial differences in the U.S. are likely to be eliminated and, if so, how long it might take.
Journal Article
Does education improve health? A reexamination of the evidence from compulsory schooling laws
This article analyzes the impact of compulsory schooling laws early in the twentieth century on long-term health. The author finds no compelling evidence for a causal link between education and health using this research design. Further, the results suggest that only a small fraction of health conditions are affected by education, and several of those are conditions, such as sight and hearing, where economic theories don?t appear to be relevant.
Journal Article
New evidence on labor market dynamics over the business cycle
Using data from the U.S. Census Bureau?s Survey of Income and Program Participation, the author investigates how much of the cyclicality in unemployment is due to variation in the job finding rate versus the job separation rate. In addition, the article explores how employment dynamics have differed by demographic subgroups.
Newsletter
Does the housing slump account for the slowdown in productivity growth?
The authors explore the entire construction sector, as well as the different classes of workers employed by it, to see how much it may be contributing to the recent slowdown in productivity growth.
Newsletter
Analyzing income mobility over generations
Newsletter
What similarities between siblings tell us about inequality in the U.S.
The author finds that about half of earnings inequality in the U.S. can be explained by family and community influences during childhood. He also finds that these influences have become more important in recent decades.
Newsletter
Is there a skills mismatch in the labor market?
This article reviews the concept of skills mismatch in the labor market and examines its role in explaining ongoing low levels of hiring and high levels of unemployment during the current economic recovery.