Competition
Equitable Growth supports research and policy analysis on how strong competition among U.S. businesses affects inequality and broad-based economic growth. More
- Topics:
- Anticompetitive Conduct
- Antitrust Enforcement
- Concentration
Families
Equitable Growth supports research and policy analysis on how unequal access to care, 21st century work-life policies, and education undermines stable, broad-based economic growth. More
- Topics:
- Childcare & Early Education
- Economic Wellbeing
- Health
- K-12
- Post-secondary Education
Inequality & Mobility
Equitable Growth supports research and policy analysis on how trends in economic inequality and mobility and changes in the economy have affected the concentration of wealth, income, and earnings, and how these distributional shifts have affected the promise of economic security and opportunity. More
- Topics:
- Economic Inequality
- Economic Mobility
- Economics of Place
- GDP 2.0
- Gender
- Income & Earnings Volatility
- Poverty
- Race & Ethnicity
Labor
Equitable Growth supports research and policy analysis on how inequalities in wages, bargaining power, and the evolving labor market affect workers’ economic security and opportunity as well as broad-based economic growth. More
- Topics:
- Bargaining Power
- Job Mobility
- Minimum Wage
- Monopsony
- Paid Leave
- Pay Equity
- Schedule Stability
- Unemployment Insurance
- Wage Stagnation
Tax & Macroeconomics
Equitable Growth supports research and policy analysis on how tax and macroeconomic policies can promote stable and broad-based economic growth. More
- Topics:
- Business Taxation
- Climate
- Credit & Debt
- Fiscal Policy
- Individual Taxation
- Monetary Policy
- Taxes, Inequality & Growth

Afternoon Must-Read: Òscar Jordà, Moritz Schularick, and Alan M. Taylor: The Great Mortgaging

Òscar Jordà, Moritz Schularick, and Alan M. Taylor: The Great Mortgaging: “In 17 advanced economies since 1870….

…(1) Mortgage lending was 1/3 of bank balance sheets about 100 years ago, but in the postwar era mortgage lending has now risen to 2/3, and rapidly so in recent decades. (2) Credit buildup is predictive of financial crisis events, but in the postwar era it is mortgage lending that is the strongest predictor of this outcome. (3) Credit buildup in expansions is predictive of deeper recessions, but in the postwar era it is mortgage lending that is the strongest predictor of this outcome as well…

There are well-known benefits to getting people ownership of their houses. As Larry Summers always says: “nobody ever changed the oil in a rental car”. And standard mortgages are one hell of a forced-savings program, and thus one hell of a counterbalance to behavioral financial myopia. But with investments in housing the illusion that the wealth committed is in some sense truly liquid–the illusion modern financial markets are designed to create–is the most illusionary…

Connect with us!

Explore the Equitable Growth network of experts around the country and get answers to today's most pressing questions!

Get in Touch

Connect with us

Afternoon Must-Read: Òscar Jordà, Moritz Schularick, and Alan M. Taylor: The Great Mortgaging

October 13, 2014

October 13, 2014

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon