Research
High rents increasingly becoming a driver of financial fragility for low-income older households
Policy Note | In the United States, high overall rates of home ownership among households aged 55–64 obscure a vital reality. Many low-income older households risk financial fragility because they are renters and high rent burdens inhibit their ability to save for emergencies. Even middle- and high-income households who own their own homes risk housing-related financial fragility due to high mortgage debt. Overall rates of financial fragility, which include non-housing debt and emergency...
Policy Note | Unpaid care work — the vast majority of such work in the United States — is primarily shouldered by economically vulnerable people. The costs associated with unpaid care work compound existing economic insecurity, leading to higher rates of poverty in old age. It is essential to support informal caregivers by recognizing caregiving as work and expanding their access to social safety net programs and providing paid family care leave.
Policy Note | Up to 40 percent of middle-income workers are at risk of downward mobility into poverty or near-poverty in retirement because of an inefficient retirement system that disproportionately benefits those with high incomes. Universal retirement accounts and providing workers with more equitable and better targeted tax incentives are among the best methods to supplement Social Security and prevent downward mobility in retirement.
The macroeconomic performance of eleven euro zone area countries is evaluated over time and across countries.
A Dynamic Stochastic Disequilibrium (DSDE) model is proposed for business cycle analysis.
This brief note explores the possibility of working towards an enlarged self-definition of economics through economists’ study and appreciation of economic sociology.
This paper reviews literature and theory on macroeconomics' use of the "natural" interest rate.
This paper builds on recent research focusing on the financialization of GDP.
This paper seeks to assess the effects of an undervalued currency on economic growth.