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Newsletter
New data on mortgage lending
Journal Article
Black/white differences in wealth
This article studies the extent to which the wide gap in the wealth holdings of whites and African Americans can be explained by differences in family income and demographic characteristics.
Working Paper
The growth of temporary services work
Temporary services employment has expanded rapidly and now accounts for a sizable fraction of aggregate employment. The industry's workers are no longer overwhelmingly female or limited to clerical occupations. Temporary work is associated with variable weekly schedules and with part-year participation, but not with voluntarily part-time work. On average, temporary workers have less labor market security than permanent workers, being prone to both more unemployment and more underemployment. Relatively few of them, however, stay in temporary positions for as much as a year and the majority ...
Journal Article
The temporary labor force
Journal Article
Trends in homeownership: race, demographics, and income
The nation's homeownership rate recently reached an all-time high, with especially large gains among black households. This article quantifies the impact of underlying demographic and income trends on homeownership, concluding that while much of the increase in the aggregate homeownership rate can be attributed to faster growth in real incomes, the gains experienced by blacks may, in part, reflect a new regulatory environment.
Newsletter
Mortgage trends in targeted markets
Working Paper
Wage differentials for temporary services work: evidence from administrative data
We use administrative data from the unemployment insurance system State of Washington to study the magnitude of the wage differential associated with work in the temporary services industry. We find that temp wage rates are 15% to 20% below the levels that might have been expected based on trends during other periods in workers' careers even after controlling for differences between temps and other workers. Comparing temp wages immediately before and after temp work or to the wages on non-temp jobs begun during the same period as workers were in the temp industry yields estimates of the temp ...
Journal Article
CRA and fair lending regulations: resulting trends in mortgage lending
This article provides background on the evolution of Community Reinvestment Act (CRA) and fair lending regulations, summarizes the relevant economic literature, and evaluates the effectiveness of the regulations by analyzing recent trends in mortgage lending activity. Are the trends in line with the intent of the regulations? Can the trends by attributed to the regulations?