Opportunity and Growth Institute

Publications

The Institute publishes two working paper series: Institute Working Papers and System Working Papers. Both working papers series showcase the ongoing research of scholars at the Institute and throughout the Federal Reserve System on issues related to economic opportunity and inclusive growth. These working papers are preliminary versions that are being shared in a timely manner to a broad research community, with the aim of promoting scholarly debate and soliciting constructive feedback.

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System Working Paper 17-31 | December 15, 2017

The Fiscal Theory of the Price Level in a World of Low Interest Rates

Marco Bassetto | Federal Reserve Bank of Chicago
Wei Cui | University College London and Centre for Macroeconomics

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System Working Paper 17-30 | December 13, 2017

Geographic Inequality of Economic Well-being among U.S. Cities: Evidence from Micro Panel Data

Chi-Young Choi | University of Texas at Arlington
Alexander Chudik | Federal Reserve Bank of Dallas

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System Working Paper 17-29 | December 7, 2017

An Assessment of the National Establishment Time Series (NETS) Database

Keith Barnatchez | Colby College
Leland D. Crane | Board of Governors of the Federal Reserve System
Ryan A. Decker | Board of Governors of the Federal Reserve System

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Institute Working Paper 5 | December 1, 2017

Wage Inequality and Job Stability

Ana Luisa Pessoa de Araujo | Visiting Scholar, Opportunity & Inclusive Growth Institute and University of Minnesota

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System Working Paper 17-28 | November 28, 2017

First-Time Homebuyers: Toward a New Measure

Arthur Acolin | University of Washington
Paul Calem | Federal Reserve Bank of Philadelphia
Julapa Jagtiani | Federal Reserve Bank of Philadelphia
Susan Wachter | The Wharton School of the University of Pennsylvania

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Institute Working Paper 4 | November 28, 2017

Spatial Patterns of Development: A Meso Approach

Stelios Michalopoulos | Visiting Scholar, Opportunity & Inclusive Growth Institute, Brown University, CEPR, and NBER
Elias Papaioannou | London Business School and CEPR

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System Working Paper 17-27 | November 20, 2017

The Unequal Distribution of Economic Education: A Report on the Race, Ethnicity, and Gender of Economics Majors at US Colleges and Universities

Amanda Bayer | Board of Governors of the Federal Reserve System
David Wilcox | Board of Governors of the Federal Reserve System

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Institute Working Paper 3 | November 14, 2017

Heterogeneous Workers and Federal Income Taxes in a Spatial Equilibrium

Mark Colas | Visiting Scholar, Opportunity & Inclusive Growth Institute and University of Oregon
Kevin Hutchinson | eBay Inc.

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System Working Paper 17-26 | November 13, 2017

The Effect of Fertility on Mothers’ Labor Supply over the Last Two Centuries

Daniel Aaronson | Federal Reserve Bank of Chicago
Rajeev Dehejia | New York University
Andrew Jordan | University of Chicago
Cristian Pop-Eleches | Columbia University
Cyrus Samii | New York University
Karl Schulze | Federal Reserve Bank of Chicago

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System Working Paper 17-25 | November 9, 2017

The Local Aggregate Effects of Minimum Wage Increases

Daniel Cooper | Federal Reserve Bank of Boston
María José Luengo-Prado | Federal Reserve Bank of Boston
Jonathan A. Parker | Massachusetts Institute of Technology

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System Working Paper 17-24 | November 2, 2017

“Don’t Know What You Got Till It’s Gone” – The Effects of the Community Reinvestment Act (CRA) on Mortgage Lending in the Philadelphia Market

Lei Ding | Federal Reserve Bank of Philadelphia
Leonard Nakamura | Federal Reserve Bank of Philadelphia

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System Working Paper 17-23 | October 18, 2017

Reservation Employer Establishments: Data from the U.S. Census Longitudinal Business Database

Randall Akee | University of California, Los Angeles
Elton Mykerezi | University of Minnesota
Richard M. Todd | Vice President and Advisor to the CICD

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Institute Working Paper 2 | September 26, 2017

Emigration during the French Revolution: Consequences in the Short and Longue Durée

Raphaël Franck | Hebrew University of Jerusalem
Stelios Michalopoulos | Visiting Scholar, Opportunity & Inclusive Growth Institute, Brown University, CEPR, and NBER

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Institute Working Paper 1 | August 10, 2017

Human Capital and Development Accounting: New Evidence from Wage Gains at Migration

Lutz Hendricks | University of North Carolina, Chapel Hill
Todd Schoellman | Visiting Scholar, Opportunity & Inclusive Growth Institute

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System Working Paper 17-22 | August 9, 2017

Old, Frail, and Uninsured: Accounting for Puzzles in the U.S. Long-Term Care Insurance Market

R. Anton Braun | Federal Reserve Bank of Atlanta
Karen A. Kopecky | Federal Reserve Bank of Atlanta
Tatyana Koreshkova | Concordia University and CIREQ

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System Working Paper 17-21 | July 6, 2017

The Decline in Intergenerational Mobility After 1980

Jonathan Davis | University of Chicago
Bhashkar Mazumder | Federal Reserve Bank of Chicago and University of Bergen

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System Working Paper 17-20 | June 21, 2017

Residential Rent Affordability across U.S. Metropolitan Areas

Kelly D. Edmiston | Federal Reserve Bank of Kansas City

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System Working Paper 17-19 | June 20, 2017

A Theory of Sticky Rents: Search and Bargaining with Incomplete Information

Randal J. Verbrugge | Federal Reserve Bank of Cleveland
Joshua Gallin | Board of Governors of the Federal Reserve System

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System Working Paper 17-18 | June 19, 2017

Who Counts as Employed? Informal Work, Employment Status, and Labor Market Slack

Anat Bracha | Federal Reserve Bank of Boston
Mary A. Burke | Federal Reserve Bank of Boston

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System Working Paper 17-17 | June 16, 2017

The Unintended Consequences of Employer Credit Check Bans on Labor and Credit Markets

Kristle Cortés | Federal Reserve Bank of Cleveland
Andrew Glover | University of Texas at Austin
Murat Tasci | Federal Reserve Bank of Cleveland

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System Working Paper 17-16 | June 15, 2017

Monetary Policy and Inequality

Pedro Amaral | Federal Reserve Bank of Cleveland

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System Working Paper 17-15 | June 13, 2017

Evidence on the Production of Cognitive Achievement from Moving to Opportunity

Dionissi Aliprantis | Federal Reserve Bank of Cleveland

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System Working Paper 17-14 | June 13, 2017

Does Differential Treatment Translate to Differential Outcomes for Minority Borrowers? Evidence from Matching a Field Experiment to Loan-Level Data

Andrew Hanson | Marquette University
Zackary Hawley | Texas Christian University
Hal Martin | Federal Reserve Bank of Cleveland

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System Working Paper 17-13 | June 13, 2017

New Findings on the Fiscal Impact of Immigration in the United States

Pia Orrenius | Federal Reserve Bank of Dallas

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System Working Paper 17-12 | June 9, 2017

College Is Not Enough: Higher Education Does Not Eliminate Racial and Ethnic Wealth Gaps

William R. Emmons | Federal Reserve Bank of St. Louis
Lowell R. Ricketts | Federal Reserve Bank of St. Louis

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System Working Paper 17-11 | June 9, 2017

Organizations, Skills, and Wage Inequality

Roberto Pinheiro | Federal Reserve Bank of Cleveland
Murat Tasci | Federal Reserve Bank of Cleveland

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System Working Paper 17-10 | June 9, 2017

Wage Shocks and the Technological Substitution of Low-Wage Jobs

Daniel Aaronson | Federal Reserve Bank of Chicago
Brian J. Phelan | DePaul University

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System Working Paper 17-09 | May 1, 2017

Assessing Differences in Labor Market Outcomes Across Race, Age, and Educational Attainment

Economic Research Department | Federal Reserve Bank of Kansas City

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System Working Paper 17-08 | April 10, 2017

Are Central Cities Poor and Non-White?

Jenny Schuetz | Board of Governors of the Federal Reserve System
Arturo Gonzalez | Board of Governors of the Federal Reserve System
Jeff Larrimore | Board of Governors of the Federal Reserve System
Ellen A. Merry | Board of Governors of the Federal Reserve System
Barbara J. Robles | Board of Governors of the Federal Reserve System

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System Working Paper 17-07 | March 30, 2017

Un-Fortunate Sons: Effects of the Vietnam Draft Lottery on the Next Generation's Labor Market

Sarena F. Goodman | Board of Governors of the Federal Reserve System
Adam M. Isen | Office of Tax Analysis, U.S. Department of the Treasury

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System Working Paper 17-06 | January 19, 2017

Levels and Trends in the Income Mobility of U.S. Families, 1977-2012

Katharine Bradbury | Federal Reserve Bank of Boston

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System Working Paper 17-05 | January 18, 2017

Optimal Income Taxation: Mirrlees Meets Ramsey

Jonathan Heathcote | Federal Reserve Bank of Minneapolis and CEPR
Hitoshi Tsujiyama | Goethe University Frankfurt

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System Working Paper 17-04 | January 18, 2017

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Olivier Coibion | University of Texas at Austin and NBER
Yuriy Gorodnichenko | University of California, Berkeley and NBER
Marianna Kudlyak | Federal Reserve Bank of San Francisco
John Mondragon | Northwestern University

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System Working Paper 17-03 | January 18, 2017

Household Formation over Time: Evidence from Two Cohorts of Young Adults

Daniel Cooper | Federal Reserve Bank of Boston
María José Luengo-Prado | Federal Reserve Bank of Boston

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System Working Paper 17-02 | January 18, 2017

The Role of Selective High Schools in Equalizing Educational Outcomes: Heterogeneous Effects by Neighborhood Socioeconomic Status

Lisa Barrow | Federal Reserve Bank of Chicago
Lauren Sartain | University of Chicago Consortium on School Research
Marisa de la Torre | University of Chicago Consortium on School Research

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System Working Paper 17-01 | January 18, 2017

The Effects of Mortgage Credit Availability: Evidence from Minimum Credit Score Lending Rules

Steven Laufer | Board of Governors of the Federal Reserve System
Andrew Paciorek | Board of Governors of the Federal Reserve System

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