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Journal Article
Regional differences in family poverty

Poverty rates vary considerably over regions, as do the demographic characteristics of the poor, but why the extent of poverty varies as much as it does across different regions of the country is not fully understood. This is an unfortunate gap in our knowledge, since it is difficult to analyze how recent changes in federal anti-poverty policy will affect the regional distribution of poverty without a better understanding of current regional differences in the poverty rate.> The main goal of this article is to shed some light on why poverty rates vary as much as they do in different areas. ...
New England Economic Review , Issue Jan , Pages 3-17

The national and regional economic outlook

Remarks at Fordham University's Gabelli School of Business, Bronx, New York.
Speech , Paper 69

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

The road to recovery: Brooklyn

Remarks by President Dudley at the Brooklyn Chamber of Commerce Brooklyn Borough Hall, Brooklyn, New York.
Speech , Paper 58

Working Paper
Heterogeneous firms, productivity and poverty traps

We present a model of endogenous total factor productivity which generates poverty traps. We obtain multiple steady-state equilibria for an arbitrarily small degree of increasing returns to scale. While the most productive firms operate across all the steady states, in a poverty trap less productive firms operate as well. This results in lower average firm productivity and lower total factor productivity. In our model a growth miracle is accompanied by a shift of employment from small to large firms, consistent with the empirical evidence. We calibrate our model and relate entry costs to the ...
Working Papers , Paper 2005-068

Working Paper
Neighborhood Choices, Neighborhood Effects and Housing Vouchers

We study how households choose neighborhoods, how neighborhoods affect child ability, and how housing vouchers influence neighborhood choices and child outcomes. We use two new panel data sets with tract-level detail for Los Angeles county to estimate a dynamic model of optimal tract-level location choice for renting households and, separately, the impact of living in a given tract on child test scores (which we call ?child ability" throughout). We simulate optimal location choices and changes in child ability of the poorest households in our sample under various housing-voucher policies. ...
Working Paper Series , Paper WP-2017-2

Journal Article
The earned income tax credit at work

National Economic Trends , Issue Apr

Working Paper
Inequality and poverty in the United States: the effects of changing family behavior and rising wage dispersion

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

Working Paper
The ins and outs of poverty in advanced economies: poverty dynamics in Canada, Germany, Great Britain, and the United States

Comparative analysis of poverty dynamics?incidence, transitions, and persistence?can yield important insights about the nature of poverty and the effectiveness of alternative policy responses. This manuscript compares poverty dynamics in four advanced industrial countries (Canada, unified Germany, Great Britain, and the United States) for overlapping six-year periods in the 1990s. The data indicate that poverty persistence is higher in North America than in Europe; for example, despite high incidence, poverty in Great Britain is relatively transitory. Most poverty transitions, and the ...
Working Paper Series , Paper 2004-18

Working Paper
Evaluating the Success of President Johnson's War on Poverty: Revisiting the Historical Record Using a Full-Income Poverty Measure

We evaluate progress in President's Johnson's War on Poverty. We do so relative to the scientifically arbitrary but policy relevant 20 percent baseline poverty rate he established for 1963. No existing poverty measure fully captures poverty reductions based on the standard that President Johnson set. To fill this gap, we develop a Full-income Poverty Measure with thresholds set to match the 1963 Official Poverty Rate. We include cash income, taxes, and major in-kind transfers and update poverty thresholds for inflation annually. While the Official Poverty Rate fell from 19.5 percent in 1963 ...
Finance and Economics Discussion Series , Paper 2020-011



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