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Disaggregated Data as a Tool of Inclusion
Rhonda Vonshay Sharpe, founder and president of the Women’s Institute for Science, Equity and Race, says disaggregating data leads to better policy and saves lives.
Journal Article
The Unequal Effect of Interest Rates by Race, Gender
Household spending typically falls as interest rates rise, but the responses vary by race and gender. Data show that households with mortgages headed by white women cut their spending on durable goods about a quarter percentage point in the three years following a 1 percentage point increase in interest rates. This is a much larger reduction than for households with mortgages headed by white men or Black men or women. The differences highlight the challenge of understanding how policy interest rate changes affect a diverse population.
Speech
Opening Remarks: Heterogeneity Blog Series Webinar
Remarks for the Heterogeneity Blog Series Webinar, Federal Reserve Bank of New York, New York City.
Journal Article
Hit Harder, Recover Slower? Unequal Employment Effects of the COVID-19 Shock
The destructive economic impact of the COVID-19 pandemic was distributed unequally across the population. A worker's gender, race and ethnicity, age, education, industry, and occupation all mattered. We analyze the initial negative effect and its lingering effect through the recovery phase, across demographic and socioeconomic groups. The initial negative impact on employment was larger for women, minorities, the less educated, and the young whether or not we account for the industries and occupations they worked in. By February 2021, however, the differential effects across groups had gotten ...
Discussion Paper
The Power of Proximity: How Working beside Colleagues Affects Training and Productivity
Firms remain divided about the value of the office for “office” workers. Some firms think that their employees are more productive when working from home. Others believe that the office is a key place for investing in workers’ skills. In this post, which is based on a recent working paper, we examine whether both sides could be right: Could working in the office facilitate investments in workers’ skills for tomorrow that diminish productivity today?
Taking a Closer Look at Marital Status and the Earnings Gap
Research suggests that married men’s higher income account for a significant portion of the U.S. gender earnings gap. Does this also hold when race is considered?
Working Paper
Decomposing Gender Differences in Bankcard Credit Limits
In this paper, we examine if there are gender differences in total bankcard limits by utilizing a data set that links mortgage applicant information with individual-level credit bureau data from 2006 to 2016. We document that after controlling for credit score, income, and demographic characteristics, male borrowers on average have higher total bankcard limits than female borrowers. Using a standard Kitagawa-Oaxaca-Blinder decomposition, we find that 87 percent of the gap is explained by differences in the effect of observed characteristics between male and female borrowers, while ...
Newsletter
Gender and Labor Markets
Interactions between employers and employees in the labor market underpin all production activities. The January 2022 issue of Page One Economics® discusses how gender influences workers’ experiences in the labor market, including their decisions to participate in the market, the types of jobs they hold, their decisions to exit the market, and ultimately their earnings.
Essay
Gender and Racial Disparities in Student Loan Debt
Student debt isn’t equally distributed among young adults, particularly Black adults and women, who are more likely to have loans and take longer to pay them down.
Working Paper
Decomposing Gender Differences in Bankcard Credit Limits
Using linked mortgage application and credit bureau data, we document the existence of unconditional and conditional gender gaps in the distribution of total bankcard limits. We estimate that male borrowers have approximately $1,300 higher total bankcard limits than female borrowers. This gap is primarily driven by a large gender gap in the right tail of the limit distribution. At the median and in the left tail of the total limit distribution, women have larger limits than men. Results from a Kitagawa-Oaxaca-Blinder decomposition show that 87 percent of the gap is explained by differences in ...