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Mobility
Recent Articles
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CRA, Racism & the Federal Reserve: A Midwest Perspective
The Community Reinvestment Act is up for its first significant revision in 25 years. It’s important we optimize this tool to address systemic disinvestment in lower-income and minority communities. Read More
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Equality Is Not Enough: Reflections on the Paycheck Protection Program
Our society often designs and implements policies that prioritize equality, but prioritizing equity or justice would better address the disparities between racial groups. Read More
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The Decline in Access to Jobs and the location of Employment Growth in US Metro Areas: Implications for Economic Opportunity and Mobility
Increasing workers’ access to jobs has been found to significantly decrease the duration of joblessness among lower-income unemployed workers. Policies that influence the location of employment growth within a metro area could impact the pace of the labor market recovery from the COVID-19-induced recession. By studying trends in job access, we discern developments that might inform our policy choices. Read More
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Skills Are Bridges Not Gaps: A Skills-Based Approach for Transitioning Workers to Higher-Paying Occupations
Skills-based hiring practices—those that prioritize skills necessary to succeed in a role over formal educational credentials—show potential for securing higher positions for lower-wage workers and helping employers get the workers they need. Read More
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Opportunity Occupations: A Way Ahead for People without a College Degree
People with bachelor’s degrees typically earn better wages and experience higher employment rates than workers who do not. Yet, more than two-thirds of US adults currently do not have a college degree. Since 2015, the Cleveland Fed, in partnership with Atlanta and Philadelphia Feds, has been exploring these trends by identifying occupations that pay above the national annual median wage and are generally accessible to those without a four-year college degree. Read More