Landlords and Access to Opportunity
Landlords in high-opportunity neighborhoods screen out tenants using vouchers. In our correspondence experiment, signaling voucher status cuts landlord responses in half. This voucher penalty increases with posted rent and varies little with signals of tenant quality and race. We repeat the experiment after a policy change and test how landlords respond to raising voucher payment limits by $450 per month in high-rent neighborhoods. Most landlords do not change their screening behavior; those who do respond are few and operate at small scale. Our results suggest a successful, systematic policy ...
Inequality in Skills and the Great Gatsby Curve
This article presents evidence relating cross-country differences in intergenerational mobility to differences in inequality of skills.
Credit Access and Mobility during the Flint Water Crisis
How do credit-constrained communities cope with the financial consequences of environmental crises? Beginning in April 2014, the residents of Flint, Michigan, were exposed to lead-contaminated water resulting from a series of governmental missteps. In this paper, we use the spatial distribution of lead and galvanized pipes in Flint to study the effect of the crisis on households’ financial health, including loan balances, repayment of outstanding debt, and Equifax Risk Scores, as well as on household mobility. We find that relatively more affected households, as measured by exposure to lead ...
Landlords and Access to Opportunity
Despite being eligible for use in any neighborhood, housing choice vouchers tend to be redeemed in low-opportunity neighborhoods. This paper investigates how landlords contribute to this outcome and how they respond to efforts to change it. We leverage a policy change in Washington, DC, that increased voucher rental payments only in high-rent neighborhoods. Using two waves of a correspondence experiment that bracket the policy change, we show that most opportunity landlords screen out prospective voucher tenants, and we detect no change in average screening behavior after a $450 per month ...
Misperceptions of Mobility
Research Spotlight on article: "Intergenerational Mobility and Preferences for Redistribution."Offsite Alberto Alesina, Stefanie Stantcheva, and Edoardo Teso. American Economic Review, February 2018, vol. 108, no. 2, pp. 521-554.
Weather, Social Distancing, and the Spread of COVID-19
Using high-frequency panel data for U.S. counties, I estimate the full dynamic response of COVID-19 cases and deaths to exogenous movements in mobility and weather. I find several important results. First, weather and mobility are highly correlated and thus omitting either factor when studying the COVID-19 effects of the other is likely to result in substantial omitted variable bias. Second, temperature is found to have a negative and significant effect on future COVID-19 cases and deaths, though the estimated effect is sensitive to which measure of mobility is included in the regression. ...
Land of Opportunity: Economic Mobility in the United States
Authors Jessie Romero and Kartik Athreya interpret data that suggest economic mobility has decreased in recent years. Many factors contribute to mobility, but for most people advancement depends on opportunities to obtain human capital---opportunities that are not as good for children in poor families. Initiatives that focus on early childhood education seem to yield high returns on investment. Their feasibility on a large scale is unknown, but they may have the potential to help the United States achieve a more inclusive prosperity.
The Intrinsic Value of Inclusive Growth
Philadelphia Fed President Patrick Harker outlined the goals of the Bank?s Economic Growth & Mobility Project during his keynote address to the Pennsylvania Economic Association?s annual meeting in Reading, PA. ?Inclusive growth is good for the overall economy,? he said
How does social distancing affect the spread of Covid-19 in the United States?
In recent weeks the country has begun to ease restrictions put in place to counter the Covid-19 pandemic. Consequently, it is important for policymakers and the public to understand the extent to which increasing levels of mobility among the population may lead to a rise in the spread of the disease.
The Roles of Mobility and Masks in the Spread of COVID-19
This policy brief analyzes the effects of COVID-19 mitigation policies, those that restrict movement and activity and those that advocate public health best practices. The analysis uses US state-level data to estimate the effects of mobility, mask mandates, and compliance with these mandates on the numbers of COVID-19 cases and deaths. A one-standard-deviation increase in mobility is associated with an 11 to 20 basis points greater rate of growth in case counts; a mask mandate can offset about half of this increase. Slower growth in case counts ultimately translates into slower growth in ...