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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.
Discussion Paper
Who Has Been Evicted and Why?
More than two million American households are at risk of eviction every year. Evictions have been found to cause prolonged homelessness, worsened health conditions, and lack of credit access. During the COVID-19 outbreak, governments at all levels implemented eviction moratoriums to keep renters in their homes. As these moratoriums and enhanced income supports for unemployed workers come to an end, the possibility of a wave of evictions in the second half of the year is drawing increased attention. Despite the importance of evictions and related policies, very few economic studies have been ...
Demographic disparities among disconnected young adults persist but are narrowing over time
This article sheds light on how several demographic groups have differed in their response to business cycles over time and how their disconnection rates have changed in recent years.
Job seekers with associate degrees likely to benefit from short-term credentials
Proponents of short-term credentials hope these programs that are shorter (and often cheaper) than traditional college can boost economic mobility for students who would otherwise forgo a degree.
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 ...
Greater Hispanic Outreach Can Improve Take-Up of Earned Income Tax Credit
Despite the Earned Income Tax Credit’s many benefits, a large percentage of qualified workers do not claim it.
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.
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.
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.