Economics

Siting, Spillovers, and Segregation: A Re-examination of the Low Income Housing Tax Credit Program

Siting, Spillovers, and Segregation: A Re-examination of the Low Income Housing Tax Credit Program
In Edward Glaeser and John Quigley, Eds. Housinmg Markets and the Economy: Risk, Regulation, Policy; Essays in Honor of Karl Case. Cambridge, Mass: Lincoln Institute for Land Policy, pp. 233-267.

Ingrid Ellen, Katherine O'Regan, Ioan Voicu
01/01/2009

The timing of this volume could not be more opportune. It is based on a 2007 conference to honor the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy. The chapters analyze risk in the housing market, the regulation of housing markets by government, and other issues in U.S. housing policy. Chapters investigate derivative markets; the role that home equity insurance can play in reducing risk; the role that the regulation of government-sponsored enterprises has played in extending credit to home purchasers in low-income neighborhoods; and the growth in the market for subprime mortgages. The impact of local zoning regulations on housing prices and new construction is also considered. This is a must read during a time of restructuring our nation’s system of housing finance.

The Unbanked: Evidence from Indonesia

The Unbanked: Evidence from Indonesia
October   World Bank Economic Review 22(3): 517-537

Morduch, J. & Jonston Jr., D.
10/01/2008

To analyze the prospects for expanding financial access to the poor, bank professionals assessed 1,438 households in six provinces in Indonesia to judge their creditworthiness. About 40 percent of poor households were judged creditworthy according to the criteria of Indonesia's largest microfinance bank, but fewer than 10 percent had recently borrowed from a microbank or formal lender. Possessing collateral appeared as a minor determinant of creditworthiness, in keeping with microfinance innovations. Although these households were judged able to service loans reliably, most desired small loans. Calculations show that the bank, given its current fee structure and banking practices, would lose money when lending at the scales desired. So, while innovations have helped to extend financial access, it remains difficult to lend in small amounts and cover costs.

Is Retirement Being Remade? Developments in Labor Market Patterns at Older Ages

Is Retirement Being Remade? Developments in Labor Market Patterns at Older Ages
In Recalibrating Retirement Spending and Saving, edited by John Ameriks and Olivia S. Mitchell. Oxford University Press, August 2008.

Sewin Chan & Ann Huff Stevens
08/01/2008

This chapter investigates non-traditional work and retirement patterns among older individuals in the Health and Retirement Study. It first reviews the evidence on retirements that initially involve bridge jobs or some form of partial retirement. It then looks at analysis on retirement reversals in which individuals resume or increase work activity following a period of retirement. Almost one third of the individuals in the sample who are ever partially or fully retired make at least one transition from more to less retired during the period of observation. The chapter also explores the characteristics of individuals making such transitions.

"What You Don't Know Can't Help You: Worker Knowledge and Retirement Decision-Making"

"What You Don't Know Can't Help You: Worker Knowledge and Retirement Decision-Making"
Review of Economics and Statistics, volume 90(2), May 2008

Sewin Chan & Ann Huff Stevens
05/01/2008

This paper provides an answer to an important empirical puzzle in the retirement literature: while most people know little about their own pension plans, retirement behavior is strongly affected by pension incentives. We combine administrative and self-reported pension data to measure the retirement response to actual and perceived financial incentives and document an important role for self-reported pension data in determining retirement behavior. Well-informed individuals are far more responsive to pension incentives than the average individual. Ill-informed individuals seem to respond systematically to their own misperceptions of pension incentives.

Environmental Justice

Environmental Justice
Encyclopedia of Quantitative Risk Assessment. Edited by B. Everitt and E. Melnick. John Wiley Publishers. New York, NY,

Restrepo, C. & Zimmerman, R.
05/01/2008

Quantitative risk assessment is a growing, important component of the larger field of risk assessment. The need to understand the risks of an activity, be it economic, environmental, public health/biomedical, or even based on terrorist or other hazardous impacts, has led to a number of methods of analysis for many different application scenarios. Indeed, all major areas of the larger endeavor - hazard identification, dose-response assessment, exposure assessment, and risk characterization - rely on and benefit from quantitative operations. Within these contexts, enhanced understanding of both the variability and the uncertainty inherent in the risk identification process is critically dependent upon proper implementation of appropriate statistical methodologies.

"Government by the People"

"Government by the People"
Chapters on Federalism, Congress, The Presidency, Bureaucracy, Public Policy Process, Economic Policy, Social Policy, and Foreign Policy

David Magleby, Paul C. Light
01/01/2008

Building on decades of authoritative scholarship, this completely updated text continues to offer accessible, carefully crafted, and straightforward coverage of the foundations of American politics, as well consistent focus on the achievements of a government by the people

 

In an increasingly cynical world, GBTP emphasizes that politics matters and encourages, motivates, and even inspires students–with accounts of individual and collective acts of courageousness, intellect, and integrity in the political arena–to be effective and informed citizens.  

 

With each chapter now framed by nationally-selected learning objectives and chapter mastery self-tests, several compelling new features, and an all new contemporary design, this thoroughly updated Twenty-Third Edition continues in the book’s long tradition for excellence.  As we enter this very complex political era, there is no more reliable or more relevant text to help you advance your students from being simple onlookers to knowledgeable participants in the American political experience.

Do Economically Integrated Neighborhoods Have Economically Integrated Schools?

Do Economically Integrated Neighborhoods Have Economically Integrated Schools?
Howard Wial, Ha; Wolman and Margery Austin Turner, Eds, Urban and Regional Policy and it's Effects. Washington, DC: Urban Institute Press, pp 191-205.

Ingrid Ellen, Amy Allen Schwartz, Leanna Stiefel
01/01/2008

The goal of this book, the first in a series, is to bring policymakers, practitioners, and scholars up to speed on the state of knowledge on various aspects of urban and regional policy. What do we know about the effectiveness of select policy approaches, reforms, or experiments on key social and economic problems facing cities, suburbs, and metropolitan areas? What can we say about what works, what doesn’t, and why? And what does this knowledge and experience imply for future policy questions?

The authors take a fresh look at several different issues (e.g., economic development, education, land use) and conceptualize how each should be thought of. Once the contributors have presented the essence of what is known, as well as the likely implications, they identify the knowledge gaps that need to be filled for the successful formulation and implementation of urban and regional policy.

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