October 4, 2022
Robert Rich, Joseph Tracy and Mason Krohn
While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face.
September 29, 2022
Pia Orrenius and Ana Pranger
The most recent jobs report showed state employment was flat in August. The unemployment rate rose slightly to 4.1 percent (from 4.0 percent in July), and labor force and wage growth also eased.
September 27, 2022
Wenhua Di
The Biden plan is expected to boost participation in the income-driven repayments that lower the payment burden. Imposing a cap on a borrower’s income to qualify for cancellation or increasing the cancellation amount for low-income borrowers could alleviate the regressive nature of broad loan cancellation.
September 6, 2022
Tyler Atkinson and Xiaoqing Zhou
Given rising demand for in-person services, the slow pass-through of surging house prices to rent and owners’ equivalent rent (OER), and higher health care worker wages, services inflation is likely to increase further.
August 30, 2022
Sitian Liu and Yichen Su
Since the start of the pandemic, the reduced presence of in-office workers has reduced the wage premium attached to large cities and may have diminished the productivity edge of these areas.
August 23, 2022
Alexander Chudik, M. Hashem Pesaran and Alessandro Rebucci
Vaccine uptake was the most important factor in reducing effective transmission rates in 2021, though the other factors helped bring infections under control.
August 16, 2022
Xiaoqing Zhou and Jim Dolmas
With housing price moderation, it is important to assess the implications for rent inflation and OER inflation and, in particular, whether they may soon ease and help slow overall inflation.
August 9, 2022
Ali Ozdagli, Jianlin Wang and Sona Shah
We found evidence that the way a firm structures its debt can mitigate a significant amount of the negative effects from uncertainty shocks, especially for zombie firms.
August 4, 2022
Mytiah Caldwell and Yichen Su
The Texas economy continued expanding in June and July, though at a decelerating pace compared with earlier this year.
August 2, 2022
Tyler Atkinson, Victor Wei and Xiaoqing Zhou
Most indicators—particularly those measuring labor markets—provide strong evidence that the U.S. economy did not fall into a recession in the first quarter.