Working Paper
The Power to Discriminate
Economic theory has long linked employer power to discrimination, but theory and empirical applications have seldom considered which form of power matters. This paper distinguishes between labor market and product market power and designs a study to isolate the role each plays in allowing discrimination to persist.
April 16, 2026
At the Heart of Texas
At the Heart of Texas
The third edition of this special report is a comprehensive look at the historical, economic and demographic profiles of 12 of Texas' key metropolitan areas with additional tables on average annual earnings, demographics and more.
February 20, 2026
At the Heart of Texas
Dallas–Plano–Irving: Texas’ business and financial services hub
Dallas serves as the business and financial services center for the state and has evolved into a major high-tech, aerospace and defense, and transportation hub. Dallas is the state’s top migrant destination, attracting residents from other states and abroad.
February 06, 2026
At the Heart of Texas
Houston–Pasadena–The Woodlands: Texas’ Gulf Coast hub and nation’s energy capital
Houston is Texas’ second-largest metro, accounting for one-quarter of the state’s jobs and 27 percent of its economic output. The metro has diversified as the services, transportation and logistics, and biomedical industries have grown in importance.
February 06, 2026
Dallas Fed Communities
Salary not sole concern for young adults weighing career decisions, focus groups find
While challenging economic conditions were top of mind for many participants, they also considered personal and practical factors.
January 30, 2026
Working Paper
Household Consumption and Savings over the Life Cycle: The Roles of Demographics and Durables
This paper provides a novel, developing country perspective by analyzing patterns of life-cycle consumption, income and savings rates in India.
October 14, 2025
Working Paper
The Fatal Consequences of Brain Drain
This paper examines the welfare consequences of reallocating high-skilled labor across national borders.
August 04, 2025
Working Paper
Why Do Households Save and Work?
This paper quantifies why households save and work using a life-cycle model that incorporates wage risk, endogenous labor supply of both spouses, marital transitions, health, medical expenses, mortality and bequest motives at the death of the first and last household member.
July 15, 2025
Working Paper
Bubbling Up? What Consumer Expectations Reveal About U.S. Housing Market Exuberance
This paper investigates the presence of speculative bubbles in the U.S. housing market after the global financial crisis. Unlike standard approaches that rely on observed economic fundamentals, the method used in this paper leverages subjective price expectations from the University of Michigan Survey of Consumers to test for exuberance without imposing a specific model of intrinsic housing values.
May 21, 2025
Even a ‘miracle’ needs a safety net: Texas leads in growth, lags elsewhere
While experiencing exceptional economic growth over the past decade, data show that Texas is last or lagging the nation in several key areas.
March 25, 2025