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Child Care: Critical to the Economy but Difficult to Access and Afford
The COVID-19 pandemic showed how important child care is for allowing parents to participate in the workforce. Access and affordability remain a challenge.
Report
A Qualitative Exploration of Affordability and Availability of Rental Housing in the Third Federal Reserve District: 2015
In February 2015, the Community Development Studies & Education (CDS&E) Department of the Federal Reserve Bank of Philadelphia released a publication titled Affordability and Availability of Rental Housing in the Third Federal Reserve District: 2015. Following the release of the report, housing professionals were interviewed to further investigate the rental housing affordability challenges in the Third Federal Reserve District. This Beyond the Numbers qualitative companion report takes a more in-depth look at the challenges and trends revealed in the quantitative analysis. This report ...
Journal Article
Housing affordability: recommendations for new research to guide policy
This article highlights areas where economic research is needed to guide federal policymakers addressing the challenge of improving housing affordability. The author places these research recommendations in the framework of five key issues, reflecting policymakers? need to identify a rationale for government action; to employ a single, clear measure to gauge affordability; to understand the unintended consequences of current housing policies; to ensure that the political environment is considered when developing policy; and to decide whether to use housing finance reform as a means of ...
Journal Article
Research on Affordable Rental Housing and Subsidy Expiration
There is an abundance of evidence that rental markets across the country are unaffordable. Studies show that, from 2000 to 2010, there was a rapid decline in rental affordability, with rent increases occurring in the face of stagnant or declining incomes in nearly every metropolitan area and across almost every quintile of the income distribution during that period.
Working Paper
Affording Degree Completion: An Experimental Study of Completion Grants at Accessible Public Universities
To improve college affordability and graduation rates, universities are increasingly allocating “completion grants” to students who are nearing the finish line but facing financial challenges. Using an experimental design and common program model across 11 broad-access public universities in ten states, we assessed the impact of a completion grants averaging $1,200 distributed among more than 14,000 students. We find that, despite university expectations that most students were near completion, only two-thirds of students eligible to receive a completion grant graduated within the ...