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Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods

November 12, 2018 Bilal 0

Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods https://ift.tt/2QAaCVm Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods NBER Working Paper No. 25231 Issued in November 2018 NBER Program(s):Labor Studies, Public Economics We estimate the longer-run effects of minimum wages, the Earned Income Tax Credit, and welfare on key economic indicators of economic self-sufficiency in disadvantaged neighborhoods. Our strongest findings are twofold. First, the longer-run effects of the EITC are to increase employment and to reduce poverty and public assistance, as long as we rely on national as well as state variation in EITC policy. Second, tighter welfare time limits also […]

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The Fed – A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession

September 19, 2018 Bilal 0

The Fed – A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession https://ift.tt/2x8cAED September 13, 2018 A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession Lisa Dettling, Joanne Hsu and Elizabeth Llanes Aggregate measures of household wealth have broadly followed the business cycle. Between 2007 and 2009, American households as a whole lost 20 percent of their wealth.1 Household wealth increased during the economic recovery from its nadir in the Great Recession, and by late 2012, aggregate household net worth surpassed its previous 2007 peak, and continued to grow through 2016. These […]

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Finance and Econ From the Web: Night lights measure growth, why are rates so low, are bankers liberals or conservatives….

September 19, 2018 Bilal 0

I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve  missed, then flag it to me and I’ll include it in my next list.  Enjoy! North and South Korea at night , 1992 vs 2008

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Artificial intelligence can estimate an area’s obesity levels by analyzing its buildings

September 5, 2018 Bilal 0

Artificial intelligence can estimate an area’s obesity levels by analyzing its buildings https://ift.tt/2NHuqEW Two researchers from the University of Washington have found a way to estimate a US city’s obesity level without having to look at its inhabitants. The duo trained an artificial intelligence algorithm to find the relationship between a city’s infrastructure and obesity levels using satellite and Street View images from Google. By understanding how city planning influences obesity, health campaigns and new construction can be coordinated to improve a city’s health, the researchers wrote in a paper published in JAMA Network Open. The algorithm was trained using […]

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Measuring Gentrification: Using Yelp Data to Quantify Neighborhood Change — by Edward L. Glaeser, Hyunjin Kim, Michael Luca

September 4, 2018 Bilal 0

Measuring Gentrification: Using Yelp Data to Quantify Neighborhood Change — by Edward L. Glaeser, Hyunjin Kim, Michael Luca https://ift.tt/2N7y3qL Measuring Gentrification: Using Yelp Data to Quantify Neighborhood Change NBER Working Paper No. 24952 Issued in August 2018 NBER Program(s):Economic Fluctuations and Growth, Productivity, Innovation, and Entrepreneurship We demonstrate that data from digital platforms such as Yelp have the potential to improve our understanding of gentrification, both by providing data in close to real time (i.e. nowcasting and forecasting) and by providing additional context about how the local economy is changing. Combining Yelp and Census data, we find that gentrification, as […]

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A REAL ESTATE BOOM WITH CHINESE CHARACTERISTICS (2016)

September 2, 2018 Bilal 0

http://scholar.harvard.edu/files/shleifer/files/chinaboom_final.pdf?bcsi_scan_4c5c01dba4894524=0&bcsi_scan_filename=chinaboom_final.pdf Abstract Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014, and are now between two and ten times higher than the construction cost of apartments. At the same time, Chinese developers built 100 billion square feet of residential real estate. This boom has been accompanied by a large increase in the number of vacant homes, held by both developers and households. This boom may turn out to be a housing bubble followed by a crash, yet that future is far from certain. The demand for real estate in China is so […]

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The Definitive Guide to Who Rents and Who Buys in America

September 2, 2018 Bilal 0

The Definitive Guide to Who Rents and Who Buys in America https://ift.tt/2njUGcK Many homeownership trends have remained largely the same since 1960—with a few noteworthy shifts. America is, by and large, a nation of homeowners. Though more than 100 million Americans rent, they’re outnumbered two-to-one by Americans who own their own home, according to data from the U.S. Census. And that’s nothing new. Americans have had high rates of homeownership for a long time, with only modest changes over the decades: But the populations of homeowners and renters aren’t flat across the U.S. There’s one major group of Americans who […]