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Discussion Paper
How are CDFIs Managing Pandemic-Related Disruptions?
Last month, the Federal Reserve released results from its most recent COVID-19 Community Impact Survey.1 The survey is designed to collect information on the effects of the COVID-19 pandemic on low- to moderate-income (LMI) communities and the organizations serving them. Among these organizations are community development financial institutions (CDFIs), which have a mission to provide credit and financial services to underserved individuals and communities. (See "Expanding Credit Access through Community Development Financial Institutions," Econ Focus, Fourth Quarter 2022.). This post ...
Working Paper
Has the Willingness to Work Fallen During the Pandemic?
We examine the effect of the Covid pandemic on willingness to work along both the extensive and intensive margins of labor supply. Special survey questions in the Job Search Supplement of the Survey of Consumer Expectations (SCE) allow us to elicit information about individuals’ desired work hours for the 2013-2021 period. Using these questions, along with workers’ actual labor market participation, we construct a labor market underutilization measure, the Aggregate Hours Gap (AHG), following Faberman et al. (2020). The AHG captures changes in labor market underutilization for the full ...