This project seeks to contribute to the literature on the impact of large-scale, publicly-funded preschool education programs on a variety of health and developmental outcomes for children ages 4 to 12. While numerous studies exist on the effects of attending Head Start, there is a dearth of research on state pre-K programs even though they are currently the largest provider of preschool education in the United States. State-funded pre-K programs have been expanding since the 1990s and the calls for universal pre-K continue. This project promises to add useful data to those discussions.
Archives: Grant
The distribution of economic activity across firms and the decline in the firm start up rate
Over the past several decades, the firm start-up rate has declined substantially while at the same time the number of unique business locations that belong to the largest firms also increased significantly. Using a combination of empirical analysis and modeling, the researcher will explore how these trends affect consumer welfare and productivity growth. We see this as an important contribution to a live question in the innovation space that also has implications for policymakers seeking to increase the firm start-up rate and spur local business activity.
The unequal gains from product innovations
This project explores the relationship between consumption inequality and innovation. It asks whether economic inequality affects the kind of innovation that takes place and who benefits from that innovation. Using scanner data, the researcher’s preliminary findings show that the difference in inflation rates across the income distribution can be accurately measured only with product-level data, not by simply reweighting aggregate price series based on income-specific spending shares, as the U.S. Bureau of Labor Statistics does. The findings could therefore have methodological as well as policy implications.
Balancing stability and growth in mid-century banking
How did the reorganization of the U.S. banking sector after World War II alter the relationship between profitable investment and macroeconomic stability? The researcher will address that question through archival research and by drawing on a substantial body of secondary historical and economic literature. As political debates on financial regulation and trade agreements show no sign of abating, this work will provide useful context and framing for those debates.
Social preferences at work: Evidence from online lab experiments and job-to-job mobility in the LEHD dataset
This project offers a novel twist on intra-firm mobility and job-to-job transitions by using preferences to look at labor market decisions and not simply tax preferences. Using a combination of online lab experiments and employee-employer matched LEHD data, the research will test for individual social preferences over payoff distributions.
Those jobs ain’t coming back: The consequences of an industry collapse on two tribal reservations
This research project uses qualitative data to explore the mechanisms that link the decline of employment options to the rise in drug use, the decline in labor force participation, and other negative socio-economic and behavioral consequences for males. Unlike many studies of industry decline which look at urban communities, this work focuses on the loss of natural resource employment in rural areas. Specifically, the researcher focuses on the lack of employment options and life outcomes on two Native American tribal reservations, The Yurok and Hoopa Valley Reservations, located in California’s northwest. A member of the Yurok tribe herself, the researcher’s data provides a unique contribution. We also see the research as having useful insights on the consequences of declining male labor force participation, particularly in non-urban settings. From a policy engagement perspective, the rich stories that are likely to come from this qualitative work will help provide the narrative and texture that is necessary for capturing policy attention.
Cyclical underemployment: Causes and consequences of inequality
This project links traditional macroeconomic models with labor models, specifically through the incorporation of the job ladder. The goal is lofty: to construct a comprehensive measure of underemployment and integrate it into commonly-used economic models, thereby providing evidence about the effects of underemployment on labor market functionality over the business cycle and on inequality more broadly. We view this project as a significant academic contribution with immediate policy relevance given the emerging debates over appropriate responses to the next recession.
Firms, human capital, and careers
Building on recent work in labor economics focused on the role of firms, this research seeks to shed light on the importance of firms specifically in the careers of young workers. Using administrative matched employer-employee data, the researcher seeks to document facts regarding access to high-wage firms and movements between high- and low-wage firms over the span of a worker’s career. This has the potential to improve our understanding of cohort inequality as well as potential scarring effects of recessions.
Distributional consequences of changes in labor demand and amenities: Evidence from linked census data
This project will explore the distributional implications of fracking and mass transit expansions, two important recent developments in U.S. cities and regions. Using newly available, restricted access, longitudinal U.S. Census Bureau microdata, the researcher seeks to answer: If fracking or urban rail expansions have heterogenous effects? How much do local housing costs rise? And do fracking or rail expansions lead to displacement of original residents? Policymakers are searching for policies to encourage growth in American cities, and we see this project as providing insightful and generalizable findings in that area.
Understanding debt, inequality and consumption behavior: The U.S. in the 2000s
The level of private debt in the U.S. economy rose considerably during the 2000s. This research will investigate how much of that increase was due to the weak job growth of that decade. If the debt run-up was due to consumers’ borrowing to cover necessities after a job loss, the policy implications are quite different than if it were due to reckless consumer spending. This research will also look at how debt was distributed across the population by age, race, and income, and how that distribution changed during the 2000s. A better understanding of the causes of increased debt and knowing who increased their debt load the most will help us better understand the importance of savings and the relationship between consumer demand and economic growth.