WP 22-32 – We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate impact on college access and outcomes.
An interactive look at the impact of discriminatory real estate practices on the people and economy of Philadelphia.
We study credit and payment markets to understand how they affect consumers and the economy.
WP 22-34 – House price declines following the collapse of the housing bubble were associated with a drop in household consumption. We find that more than two-thirds of this is due to financial constraints, rather than a decline in housing wealth.
WP 22-27 – Nearly everyone feels that their financial resources are inadequate for their needs at some point or another. Existing research largely suggests that this perceived scarcity of resources prevents people from considering the future and leads them to prefer obtaining smaller, sooner amounts of resources rather than larger, later amounts of resources.
Federal Reserve Bank of Philadelphia
The Bank’s Advisor and Research Fellow in the Consumer Finance Institute explores racially restrictive covenants in the city of Philadelphia and their lasting effects.
WP 21-36/R – We document that increasing penalties for default reduces strategic default in financial crises by exploiting the 2009 changes to Canadian consumer insolvency regulations.
Get the Philadelphia Fed’s latest information, resources, and research on the coronavirus pandemic's impact on businesses, households, and communities.
We regularly invite outside experts in consumer finance and payments to conduct independent research, collaborate with our staff economists and analysts, and participate in our events.
WP 19-54/R – We study how health-insurance eligibility affects financial distress for young adults using the Affordable Care Act’s (ACA) dependent coverage mandate — the part of the ACA that requires private health-insurance plans to cover individuals up to their 26th birthday.