July 24, 2024
As the American Worker Project analysis shows, real wages have increased over time. Real wages are nominal wages corrected for changes in the price level, and a natural approach to understanding the way in which housing policy affects real wages is through (housing) prices. But the importance of housing to the economic well-being of the typical American…
March 27, 2024
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October 26, 2023
Is the COVID-19-driven surge in remote work temporary or permanent? To assess how the geography of work may evolve, we analyze the pre-pandemic status quo. Casual theorizing might suggest that workers with teleworkable jobs in the pre-pandemic era were more likely to live in the less dense, peripheral neighborhoods in their metropolitan area. Instead, we…
October 23, 2023
Abstract We analyse whether US federal aid to state and local governments impacted economic activity through either direct or cross-state spillover effects during the COVID-19 pandemic. Deploying an instrumental-variables framework rooted in the funding advantage of states that are over-represented in Congress, we find that federal assistance had significantly less impact on state and local…
July 18, 2023
How have the Great Recession in 2007, the COVID-19 pandemic that hit in 2020, and the Federal Reserve’s interest rate hikes that started in 2022 affected mortgages in the region? Here’s the short answer: Each year, researchers at George Washington University use the State of the Capital Region report to do a deep dive on a policy…