communities and banking

Low- and moderate-income issues in New England

Complete Issue pdf

Spring 2016

Military Lending Act
Not Much to Rely on: Racial Wealth Disparities in the Boston Metro Area

by Ana Patricia Muñoz
Federal Reserve Bank of Boston

How Can We Expand College Going and RetentionHow Can We Expand College Going and Retention?
by Scott Carrell and Bruce Sacerdote
US Teens Want to WorkUS Teens Want to Work
by Paul Harrington and Ishwar Khatiwada
Drexel University
Investment In LeadershipInvestment in Leadership
by Jonathan Spack
Third Sector New England

Letter from the Editor
by Caroline Ellis, Federal Reserve Bank of Boston

Not Much to Rely on: Racial Wealth Disparities in the Boston Metro Area
by Ana Patricia Muñoz, Federal Reserve Bank of Boston
Recently collected data reveal striking wealth gaps between the white population and different racial and ethnic groups in the Boston metropolitan area.

Understanding Rhode Island in the Great Recession
by Mary A. Burke and Austin J. Drukker, Federal Reserve Bank of Boston
A look at the hard data would sharpen the narrative about the state’s slow comeback.

US Teens Want to Work
by Paul Harrington and Ishwar Khatiwada, Drexel University
Weak economic growth and employer preferences have left teens with diminished opportunities to gain work experience and improve their chances of job market success.

The Public Cost of Low-Wage Work in New England
by Ken Jacobs, Ian Perry, and Jenifer MacGillvary, University of California, Berkeley
Stagnating wages are causing many working families to end up on public assistance. More minimum-wage laws could change that scenario.

The Underutilized Potential of Teacher-Parent Communication
by Matthew A. Kraft, Brown University
Though still the exception rather than the rule, teacher-parent communication can have strong positive effects on students’ success in school.

Mapping New England: Changes in Home Purchase Mortgage Originations
by Amy Higgins, Federal Reserve Bank of Boston
Some counties have seen declines, while others have seen gains. Troubling racial disparities are also present.

How Can We Expand College Going and Retention?
by Scott Carrell and Bruce Sacerdote
College coaching programs that mentor, nudge, and provide students with information show promise for boosting enrollment in higher education.

Investment in Leadership
by Jonathan Spack, Third Sector New England
A new report finds that the impending shift in nonprofit leadership in New England threatens a sector that already suffers from fundamental structural deficits and a lack of investment.

Aligning Housing Costs and Wages: The Hartford Case
by Keith Wardrip, Federal Reserve Bank of Philadelphia
Greater Hartford residents without a four-year degree face a disconnect between housing costs and the wages they can typically earn.

Haves and Have-Nots: Municipal Fiscal Disparities in Connecticut
by Bo Zhao and Calvin Kuo, Federal Reserve Bank of Boston
Using a "municipal gap" lens, the authors find great fiscal disparities across Connecticut municipalities, resulting from a wide variation in the property-tax base and the cost of services.