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Understanding the persistence of poverty

Millions of U.S. citizens continue to live in poverty within one of the wealthiest and most productive nations in the world. The Federal Reserve Bank of Cleveland's 2006 Annual Report reviews some of the reasons for the persistence of poverty in America and suggests that better education and training may be the best defense against poverty.
Annual Report

Long-term inequality and mobility

This brief investigates the mobility and income situation of family heads and spouses who have low long-term incomes, where long-term refers to average family income over a 10-year period. The data show that most of those in the poorest one-fifth of the long-term income distribution during the 1996?2006 period spent all or nearly all of the period?s years in the poorest fifth of the single-year income distribution, and those who escaped did not move far. Moreover, this situation has worsened over time, with the long-term poor more ?stuck? at the bottom in the 1996-2006 period than they were ...
Public Policy Brief

Journal Article
\"Tough Love\": implications for redistributive policy

Jason Saving explores the economic and political implications of "tough love" for redistributive policy. The American welfare system unquestionably helps support the least fortunate among us, but, in making poverty less onerous, it may discourage employment among some individuals. Traditional notions of altruism assume that compassion for the poor is measured by one's willingness to redistribute income but to the extent that more generous support for the poor actually encourages recipiency, welfare programs simultaneously mitigate and exacerbate the problem of poverty. A "new ...
Economic and Financial Policy Review , Issue Q III , Pages 25-29

Conference Paper
Commentary : monetary policy and the well-being of the poor

Proceedings - Economic Policy Symposium - Jackson Hole

The national and regional economic outlook

Remarks before the Bronx Chamber of Commerce at the New York Botanical Garden, Bronx, New York.
Speech , Paper 68

Building communities: making a difference

One of the most vexing economic problems facing the United States has been the persistence of pockets of poverty in the midst of prosperity. The reasons for this are many and complex. Prominent among them are economic isolation in the case of rural areas, and language and cultural barriers in the case of many inner-city communities. Discrimination has played a role, but so too has simple ignorance. Resources and opportunities exist in these communities, but getting the recognition from market sources necessary to leverage these assets is difficult. For whatever reason, human and physical ...
Annual Report

Journal Article
Disability, unemployment, and poverty

For too long, disability has been linked to poverty and a lack of workforce participation. Today, a growing recognition that this is a major social issue is leading to solutions.
Communities and Banking , Issue Fall , Pages 16-18

Journal Article
Unequal incomes, unequal outcomes? Economic inequality and measures of well-being: proceedings of a conference sponsored by the Federal Reserve Bank of New York, May 7, 1999

These are the proceedings of a conference organized to focus on the evolution of more direct measures of the material well-being of Americans. Of particular concern was the impact of income inequality on trends in health, housing, and crime victimization. Conference participants also examined some of the changes in policymakers' responses to these trends, especially in the areas of education financing and local governance. Finally, the participants discussed efforts to evaluate the social consequences of policy reforms and offered some guidelines on the best direction for future research and ...
Economic Policy Review , Volume 5 , Issue Sep

Discussion Paper
Rural Spotlight: Creating Family Economic Security in Western Maryland

Regional Matters

Journal Article
The Northwest Side Community Development Corporation: transforming the approach to creating positive economic impact in distressed communities

From the late 1970s until about 2002,Milwaukee, Wisconsin, was home to a half dozen or so very active community development corporations ? earnest organizations staffed with dedicated individuals who used federal and state funds to try to improve economically depressed neighborhoods by purchasing distressed properties, rehabilitating them, and then either selling or renting them to qualified, low-income families or local businesses. This effort mirrored what was happening in the rest of the country. According to a 2005 survey by the National Congress of Community.
Profitwise , Issue Sep , Pages 3-6



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