Research in Focus — Can property insurance be too generous? Four economists look at the consequences of a program that promised outsized benefits.

WP 25-36 – The increasing net migration toward suburbs and small cities has been driven disproportionately by high-income people. As a result, housing expenses and employment vary by region, tempering the welfare inequality caused by remote work.

WP 24-12/R – This paper introduces new rental and home sales price series for the 20th century constructed from historical newspapers, and it explores the different rent and home price trajectories of cities across the United States.