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Lowest-Income Workers See Accelerated Earnings Growth During Pandemic
In many respects, the pandemic has disproportionately harmed low-income workers. Earnings growth, triggered by labor shortages and high turnover rates, could be a rare exception.
Discussion Paper
Do People View Housing as a Good Investment and Why?
Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class. Yet there is limited understanding of how households view housing as an investment relative to financial assets, in part because of their differences beyond the usual risk and return trade-off. Housing offers households an accessible source of leverage and a commitment device for saving through an amortization schedule. For an owner-occupied residence, it also provides stability and hedges for rising housing costs. On the other hand, housing is much ...
How valuable is a short-term credential for a job seeker? It’s complicated
Employer demand for short-term credentials is rising. But the likelihood of such credentials leading to higher wage offers depends on the industry and can change over time.
Is federal broadband funding going to states that need it most?
In the first of a three-part series on digital inclusion, we discuss the details of recent federal broadband funding and its connection to the level of broadband availability.
Economy's Essential Early Care and Education Industry but Still Faces Labor Shortfall
When the pandemic first struck and many child care centers closed, ECE worker unemployment spiked. Now that two years have passed since the onset of COVID-19 in the United States, to what extent has the industry recovered?
Black Workers, Mothers Leaving Early Education and Child Care Jobs amid Health Risks, Low Pay
Understanding which teachers were likelier to leave the industry over the past two years and the factors that could have influenced their decision to leave are at the heart of this study.
COVID-era eviction moratoriums improved financial well-being...while they lasted
This analysis leverages new eviction and credit data from Dallas County, Texas, to explore the impact of the moratoriums and to examine trends that surfaced once the moratoriums ended.
Renewable energy jobs surge, though data differ on where and by how much
Better understanding of the workforce implications of rising electricity demand, particularly at the state and local levels, is critical to planning and anticipating its economic and policy impacts.
Young adults are disconnected from work and school due to long-term labor force trends
The sharp rise during the pandemic in young people who are neither in school nor working—often referred to as “opportunity youth”—is the exacerbation of a problem that has gradually worsened in the past two decades.
Falling rates no assurance of homeowner refinancing binge
When the Fed lowers its benchmark policy rate, the reduction is usually reflected in a variety of consumer finance rates, notably mortgages. However, there are reasons to believe that such a reduction might not prompt an increase in the volume of mortgage refinances and prepayment activity as has historically occurred.