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November 7, 2024
Introducing the “More Accurate Consumer Price Index”
Abstract Particularly since the 1990s, federal statistical agencies have worked to improve the ability ofvarious price indexes to measure changes in the cost of living. However, in recent years, somehave sent mixed signals to researchers about the relative merits of different measures. As aresult, academic and policy researchers routinely use theoretically and empirically inferior priceindexes…
October 22, 2024
Poverty, Hardship, and Government Transfers
Abstract We examine how the well-being of those with few resources changed, amidst economic disruption and large, transitory government transfers. We find that in the years leading up to the pandemic and in 2020, the patterns for income and consumption poverty were very similar. In 2021 and 2022, however, changes in income and consumption poverty…
August 29, 2024
The Distribution of Social Capital across Individuals and its Relationship to Income
Abstract There have been several attempts to measure social capital—the value inhering in relationships—at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct linkage and imputation across several nationally representative datasets, we produce a comprehensive measure of social capital at the individual level. We validate our measure by…
June 10, 2024
Employment and Labor Supply Responses to the Child Tax Credit Expansion: Theory and Evidence
AbstractThe 2021 Child Tax Credit (CTC) expansion increased government benefits to families, andespecially to families with the lowest incomes. Economic theory predicts that this policyintervention would have led to a reduction in labor supply among adults in those families. Ourreview of available research suggests that employment within broadly defined demographicgroups was not reduced by the…
May 16, 2024
Critiquing Bastian (2022, 2023, 2024, and forthcoming):On Child Tax Credit Reform and the Sensitivity of Single Mothers to Work Incentives
Abstract In 2021, Congress passed and President Biden signed a major, but temporary, reform to the Child Tax Credit (CTC). Among other reforms to the credit, the American Rescue Plan Act (ARPA) made it available to non-workers on the same basis as workers. Attempts to make this reform permanent foundered, in part, due to opposition…
April 26, 2024
Human Capital Spillovers and Health: Does Living Around College Graduates Lengthen Life?
Abstract Equally educated people are healthier if they live in more educated places. Every 10 percent point increase in an area’s share of adults with a college degree is associated with a decline in all-cause mortality by 7%, controlling for individual education, demographics, and area characteristics. Area human capital is also associated with lower disease…
April 17, 2024
Homelessness and the Persistence of Deprivation: Income, Employment, and Safety Net Participation
Abstract Homelessness is arguably the most extreme hardship associated with poverty in the United States, yet people experiencing homelessness are excluded from official poverty statistics and much of the extreme poverty literature. This paper provides the most detailed and accurate portrait to date of the level and persistence of material disadvantage faced by this population,…
November 14, 2023
The Impact of Opportunity Zones on Private Investment and Economic Activity
Abstract Place-based policies aim to stimulate economic development in disadvantaged areas with the goal of improving the well-being of residents. A provision of the Tax Cuts and Jobs Act aimed to spur private investment in low-income areas called Opportunity Zones (OZs). We evaluate the impact of OZs on investment using data on the near-universe of…
November 9, 2023
Child Support Policy: Areas of Emerging Agreement and Ongoing Debate
This paper will be delivered at the Association for Public Policy Analysis & Management 2023 Fall Research Conference. Abstract The Child Support Enforcement (CSE) system has a broad scope and provides important resources to economically vulnerable children who live apart from one of their parents. Yet, it is subject to critique for intervening too much, too…
October 30, 2023
Does Wage Theft Vary by Demographic Group? Evidence from Minimum Wage Increases
Using Current Population Survey data, we assess whether and to what extent the burden of wage theft — wage payments below the statutory minimum wage — falls disproportionately on various demographic groups following minimum wage increases. For most racial and ethnic groups at most ages we find that underpayment rises similarly as a fraction of…