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Journal Article
Interview: Claudia Goldin
Briefing
Expanding the Scope of Workforce Development
Workforce development efforts often are geared toward adult workers. But examining workforce development from the perspective of human capital theory suggests that earlier interventions may yield high returns.
Journal Article
Interview: John Haltiwanger
Journal Article
Paying for Success
State and local governments are trying a new financing model for social programs
Journal Article
A Capital Compromise
How war debts, states' rights, and a dinner table bargain created Washington, D.C.
Briefing
Inequality in and across Cities
Inequality in the United States has an important spatial component. More-skilled workers tend to live in larger cities where they earn higher wages. Less-skilled workers make lower wages and do not experience similar gains even when they live in those cities. This dynamic implies that larger cities are also more unequal. These relationships appear to have become more pronounced as inequality has increased. The evidence points to externalities among high-skilled workers as a significant contributor to those patterns.
Journal Article
The Missing Boomerang Buyers
Does it matter whether those who lost their homes during the crisis come back to the housing market?
Journal Article
Leaving LIBOR
The Fed has developed a new reference rate to replace the troubled LIBOR. Will banks make the switch?
Briefing
The Potential Impact of Public Service Student Loan Forgiveness in the Fifth District
The Public Service Loan Forgiveness program offers government and nonprofit workers relief from outstanding federal loans after 10 years of employment. In October 2021, the Department of Education temporarily waived certain requirements, making many public service workers retroactively eligible for loan relief. This waiver expires on Oct. 31, 2022, creating a risk that many eligible beneficiaries will not access benefits. The program may be especially important in the Fifth District, which has a higher share of public service workers than the U.S. as a whole.
Journal Article
What's a Life Worth?
How to allocate our health care dollars is a challenging question, but economics could help