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Working Paper
The 1980s divergence in per capita personal incomes: what does it tell us?
Sherwood-Call, Carolyn (1994)
Working Papers in Applied Economic Theory , Paper 94-11

Journal Article
Opportunity Zones: Understanding the Background and Potential Impact in Northeastern Illinois
O'Dell, Mark; Schuh, Elizabeth; Keller, Jason; Kenney, Erin (2019)
This article offers a primer on: Opportunity Zones, highlighting the designation process for census tracts in northeastern Illinois; Qualified Opportunity Funds (QOF) ? the vehicle that will facilitate investment in designated areas; and finally, how QOFs will help facilitate the goals of the Chicago Metropolitan Agency for Planning?s ON TO 2050 Plan.
Profitwise , Issue 1 , Pages 1-16

Working Paper
The effect of school finance reform on population heterogeneity
Aaronson, Daniel (1998)
This paper tests whether state school finance reform alters neighborhood income homogeneity. One implication of the Tiebout model is that within-community homogeneity declines as a result of an exogenous decrease in the ability of jurisdictions to set local tax and expenditure levels. The property tax revolt and the school finance equalization reform of the 1970s and 1980s offer a test of the role of state fiscal reform on aggregate population sorting behavior. The results show that school finance has a significant effect on school district income sorting, especially among low income ...
Working Paper Series , Paper WP-98-11

Journal Article
A monetary model of nominal income determination
Andersen, Leonall C. (1975-06)
Review , Volume 57 , Issue Jun , Pages 9-19

Journal Article
Asset building and the wealth gap
Office, Community Affairs (2006)
Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the nonwhite population. As the cost of living outpaces income and wealth accumulation, a majority of U.S. households are ill-prepared for financial emergencies or retirement.
Banking and Community Perspectives , Issue 3

Report
A unified theory of the evolution of international income levels
Parente, Stephen L.; Prescott, Edward C. (2004)
This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of international income levels over the last millennium. The essence of this unified theory is that a country starts to experience sustained increases in its living standard when production efficiency reaches a critical point. Countries reach this critical level of efficiency at different dates not because they have access ...
Staff Report , Paper 333

Working Paper
Inequality and poverty in the United States: the effects of changing family behavior and rising wage dispersion
Valletta, Robert G.; Daly, Mary C. (2000)
The trend toward increasing inequality in family income in the United States since the late 1960s is well documented. Among key possible explanations for this increase are rising dispersion in individual earnings, changes in female labor supply decisions, and changes in family composition and living arrangements. We analyze the contribution of these factors to changes in family income inequality and poverty during the years 1969-1998, focusing on labor supply and family structure as behavioral changes but accounting also for changes in the distribution of male earnings. Our analyses rely on ...
Working Paper Series , Paper 2000-06

Journal Article
What's happening to Americans' income?
Cox, W. Michael; Fox Kellam, Beverly J. (1995-03)
Southwest Economy , Issue Mar , Pages 3-6

Conference Paper
Regional income trends and convergence
Giertz, J. Fred; Mehta, Shekhar (1996)
Assessing the Midwest Economy , Paper SP-4

Report
Financial Intermediary Balance Sheet Management
Gershun, Natalia; Donaldson, John B.; Giannoni, Marc (2011)
We consider a simple variant of the standard real business cycle model in which shareholders hire a self-interested executive to manage the firm on their behalf. A generic family of compensation contracts similar to those employed in practice is studied. When compensation is convex in the firm?s own dividend (or share price), a given increase in the firm?s output generated by an additional unit of physical investment results in a more than proportional increase in the manager?s income. Incentive contracts of sufficient yet modest convexity are shown to result in an indeterminate general ...
Staff Reports , Paper 531

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