Search Results
Working Paper
The occupational assimilation of Hispanics in the U.S.: evidence from panel data
This study investigates whether Hispanic immigrants assimilate in occupational status with natives and the factors that determine occupational status. A theoretical framework is proposed that models occupational status and convergence of Hispanics relative to U.S.-born non-Hispanics as a function of human capital and demographic exogenous variables, U.S. experience (assimilation effects) and periods of migration (cohort effects). In addition, the model also controls for aggregate economic conditions and location effects. The empirical testing is based on a random effects model estimation ...
Newsletter
Strategies for improving economic mobility of workers - a conference preview
On November 15-16, 2007, the Federal Reserve Bank of Chicago's Economic Research Department and Consumer and Community Affairs Division, along with the W. E. Upjohn Institute for Employment Research, will cosponsor a conference to present research on policies, practices, and initiatives affecting low-wage workers.
Journal Article
Do ethnic enclaves and networks promote immigrant self-employment?
The author assesses how ethnic enclaves and networks affect the self-employment decisions of immigrants in the U.S. She finds that ethnic networks play a positive role in the likelihood that immigrants will choose self-employment as an alternative to wage employment. However, there is no clear impact of ethnic geographical concentrations on the self-employment decision.
Newsletter
Self-employed immigrants: an analysis of recent data
This article identifies the factors that influence the self- employment decision for U.S. immigrants, including human capital, years in the U.S., geographic concentration, and labor market characteristics.
Discussion Paper
The homeownership and financing experience in two Chicago minority neighborhoods
This article documents the homeownership and financing decisions made by Hispanic and Black households in two Chicago ethnic communities to help policy makers, financial institutions and community leaders better understand the homeownership process for these two minority groups. Based on our findings, several policy initiatives and programs are proposed to improve the quality of financial literacy and ultimately for Hispanic and Black households.
Journal Article
An Analysis of SBA Loans in Lower-income and Black neighborhoods in Detroit and Michigan
In this article, we analyze the extent to which the Small Business Administration (SBA) 7(a) loan guarantee program helps facilitate flows of credit to small businesses in the city of Detroit, and to black and low- and moderate-income neighborhoods in Michigan. In an environment of financial austerity and constrained small business credit, federal government programs like those administered by the SBA can facilitate lending to businesses. The SBA administers several programs designed to encourage lenders to provide loans to small businesses that might not otherwise obtain financing on ...
Journal Article
Strategies for improving economic mobility of workers: a conference report
The issue of economic opportunity for the disadvantaged has grown in importance. We?ve witnessed healthy job creation rates in recent years, and by almost all measures American workers, overall, have gained economic ground. Yet, at the same time, it?s also well known that inequality in economic outcomes has increased. Those at the bottom of the income distribution have not grown as fast as those on the top, and may even be stagnating. These trends imply that segments of the labor force have relatively more limited chances for economic mobility.
Journal Article
Developing small businesses and leveraging resources in Detroit: an informed discussion among financial institutions, policymakers and Other stakeholders in Detroit
In October 2012, the Federal Reserve Bank of Chicago, the Michigan Bankers Association and the New Economy Initiative for Southeast Michigan co-sponsored a symposium in Detroit that brought together business experts, business owners, policymakers, funders and bankers to explore issues around access to small business credit and financing in Detroit. As Alicia Williams, vice president of the Community Development and Policy Studies (CDPS) division, explained in her opening remarks, the symposium was a follow-up to meetings hosted around the country by the Federal Reserve System?s Community ...