Search Results

Showing results 1 to 10 of approximately 34.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Foote, Christopher L. 

Conference Paper
Labor supply in the new century

To explore the labor-supply trends that will affect economic policymaking in the twenty-first century, the Federal Reserve Bank of Boston chose "Labor Supply in the New Century? as the theme for its 52nd Annual Economic Conference held in June 2007. The conference?s six papers and its keynote address by Eugene Steuerle provide a broad overview of the quantity and quality implications of labor-supply trends.
Conference Series ; [Proceedings] , Volume 52

Discussion Paper
Labor-market polarization over the business cycle

During the last few decades, labor markets in advanced economies have become ?polarized? as relative labor demand grows for high- and low-skill workers while it declines for middle-skill workers. This paper explores how polarization has interacted with the U.S. business cycle since the late 1970s. Consistent with previous work, the authors find that recessions are strongly synchronized across workers with different skills. Even high-skill workers favored by polarization suffer during recessions; this is particularly true during the last two downturns. Additionally, there is no evidence that ...
Public Policy Discussion Paper , Paper 12-8

Working Paper
The Impact of the Age Distribution on Unemployment: Evidence from US States

Economists have studied the potential effects of shifts in the age distribution on the unemployment rate for more than 50 years. Most of this analysis uses a "shift-share" method, which assumes that the demographic structure has no indirect effects on age-specific unemployment rates. This paper uses state-level data to revisit the influence of the age distribution on unemployment in the United States. We examine demographic effects across the entire age distribution rather than just the youth share of the population — the focus of most previous work — and extend the date range of analysis ...
Working Papers , Paper 22-27

Working Paper
Cross-sectional patterns of mortgage debt during the housing boom: evidence and implications

The reallocation of mortgage debt to low-income or marginally qualified borrowers plays a central role in many explanations of the early 2000s housing boom. We show that such a reallocation never occurred, as the distribution of mortgage debt with respect to income changed little even as the aggregate stock of debt grew rapidly. Moreover, because mortgage debt varies positively with income in the cross section, equal percentage increases in debt among high- and low-income borrowers meant that wealthy borrowers accounted for most new debt in dollar terms. Previous research stressing the ...
Working Papers , Paper 16-12

Discussion Paper
Subprime facts: what (we think) we know about the subprime crisis and what we don’t

Using a variety of datasets, we document some basic facts about the current subprime crisis. Many of these facts are applicable to the crisis at a national level, while some illustrate problems relevant only to Massachusetts and New England. We conclude by discussing some outstanding questions about which the data, we believe, are not yet conclusive.
Public Policy Discussion Paper , Paper 08-2

Working Paper
Technological Innovation in Mortgage Underwriting and the Growth in Credit: 1985-2015

The application of information technology to finance, or ?fintech,? is expected to revolutionize many aspects of borrowing and lending in the future, but technology has been reshaping consumer and mortgage lending for many years. During the 1990s computerization allowed mortgage lenders to reduce loan-processing times and largely replace human-based assessment of credit risk with default predictions generated by sophisticated empirical models. Debt-to-income ratios at origination add little to the predictive power of these models, so the new automated underwriting systems allowed higher ...
Working Papers (Old Series) , Paper 1816

Journal Article
Contract-theoretic approaches to wages and displacement, commentary

Review , Issue May

Report
Measuring the US Employment Situation Using Online Panels: The Yale Labor Survey

This report presents the results of a rapid, low-cost survey that collects labor market data for individuals in the United States. The Yale Labor Survey (YLS) used an online panel from YouGov to replicate statistics from the Current Population Survey (CPS), the government’s source of household labor market statistics. The YLS’s advantages include its timeliness, low cost, and ability to develop new questions quickly to study labor market patterns during the coronavirus (COVID-19) pandemic. Although YLS estimates of unemployment and participation rates mirrored the broad trends in CPS ...
Current Policy Perspectives

Briefing
A proposal to help distressed homeowners: a government payment-sharing plan

This public policy brief presents a proposal, originally posted on the website of the Federal Reserve Bank of Boston in January of this year, designed to help homeowners who are unable to afford mortgage payments on their principal residence because they have suffered a significant income disruption and because the balance owed on their mortgage exceeds the value of their home. These homeowners represent a subset of the population of distressed homeowners, but according to our research they face an elevated risk of default and are unlikely to be helped by current foreclosure-reduction ...
Public Policy Brief

Speech
The Great Recession

Presented on September 10, 2010 at Bentley University to the Financial Planning Association of Massachusetts.
Speech , Paper 41

FILTER BY year

FILTER BY Content Type

Working Paper 14 items

Discussion Paper 8 items

Report 4 items

Conference Paper 2 items

Journal Article 2 items

Monograph 2 items

show more (3)

FILTER BY Jel Classification

E24 5 items

G21 4 items

R21 4 items

R31 4 items

J21 3 items

C55 2 items

show more (28)

FILTER BY Keywords

PREVIOUS / NEXT