Jeffrey P. Thompson
Jeffrey P. Thompson
Director, Senior Economist and Policy Advisor

Research

email  jeffrey.thompson@bos.frb.org

617-973-3353

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Publications

Journal articles

“Local Sales Taxes, Employment, and Tax Competition,” with Shawn Rohlin. 2018. Regional Science and Urban Economics. Forthcoming.  https://doi.org/10.1016/j.regsciurbeco.2017.10.012

“Wealth Inequality More Pronounced among Asian Americans than among Whites,” with Christian Weller. 2018. Challenge 61(2): 1–31.

“Do Rising Top Incomes Lead to Increased Borrowing in the Rest of the Distribution?” 2018. Economic Inquiry 56(2): 686–708. doi:10.1111/ecin.12520

“Does Education Loan Debt Influence Household Financial Distress? An Assessment Using the 2007–09 SCF Panel,” with Jesse Bricker. 2016. Contemporary Economic Policy 34(4): 660–677.

“Inequality and Mobility Using Income, Consumption, and Wealth for the Same Individuals,” with Jonathan Fisher, David Johnson, Jonathan Latner, and Timothy Smeeding. 2016. The Russell Sage Foundation Journal of the Social Sciences 2(6): 44–58.

“Recent Trends in Income Inequality in the Developed Countries,” with Salvatore Morelli and Tim Smeeding. 2014. Journal for a Progressive Economy March 2014: 24–33.

“Employment Impacts of Local Sales Taxes: New Evidence from Cross-Border Panel Data Analysis,” with Shawn Rohlin. 2012. National Tax Journal 65: 4 1023–1042.

“Do Rising Top Income Shares Affect the Standard of Living of Low and Middle-Income Families?” with Elias Leight. 2012. BE Journal of Economic Analysis and Policy 12: 1.

“The Interaction of Metropolitan Cost-of-Living and the Federal Earned Income Tax Credit: One Size Fits All?” with Katie Fitzpatrick. 2010. National Tax Journal 63(3): 419–446.

“Using Local Labor Market Data to Re-examine the Employment Impacts of the Minimum Wage.” Industrial and Labor Relations Review April 2009.

Federal Reserve publications

“Top Income Concentration and Volatility,” with Michael Parisi and Jesse Bricker. 2018. Board of Governors of the Federal Reserve System Finance and Economics Discussion Series 2018-010. https://doi.org/10.17016/FEDS.2018.010

“Inequality in 3D: Income, Consumption, and Wealth,” with Jonathan Fisher, David Johnson, and Timothy Smeeding. 2018. Board of Governors of the Federal Reserve System Finance and Economics Discussion Series 2018-001. https://doi.org/10.17016/FEDS.2018.001.

“Changes in U.S. Family Finances from 2013 to 2016: Evidence from the Survey of Consumer Finances," with Jesse Bricker, Lisa Dettling, Alice Henriques, Joanne Hsu, Lindsay Jacobs, Kevin Moore, Sarah Pack, John Sabelhaus, and Richard Windle. 2017. Federal Reserve Bulletin 103(3): 1–41.

“Updating the Racial Wealth Gap,” with Gustavo Suarez. 2017 (updated). Board of Governors of the Federal Reserve System Finance and Economics Discussion Series 2015-076. http://dx.doi.org/10.17016/FEDS.2015.076.

“Recent Trends in Wealth-Holding by Race and Ethnicity: Evidence from the Survey of Consumer Finances,” with Lisa Dettling, Joanne Hsu, Lindsay Jacobs, and Kevin Moore. 2017. Board of Governors of the Federal Reserve System FEDS Notes 2017-09-27.

“Comparing Micro and Macro Sources for Household Accounts in the United States: Evidence from the Survey of Consumer Finances,” with Dettling, Lisa J., Sebastian J. Devlin-Foltz, Jacob Krimmel, and Sarah J. Pack. 2015). Board of Governors of the Federal Reserve System Finance and Economics Discussion Series 2015-086. http://dx.doi.org/10.17016/FEDS.2015.086.

“Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances,” with Bricker, Jesse, Lisa J. Dettling, Alice Henriques, Joanne W. Hsu, Kevin B. Moore, John Sabelhaus, and Richard A. Windle. 2014. Federal Reserve Bulletin 100(4).

“Inequality and Poverty in the United States: The Aftermath of the Great Recession,” with Timothy Smeeding. 2013. Federal Reserve Board Finance and Economics Discussion Series 2013-51.

Working papers

“Food Sales Taxes and Employment,” with Shawn Rohlin and Nadia Greenhalgh-Stanley.

“Wealth Distribution and Retirement Preparation among Early Savers,” with Alice Henriques, Lindsay Jacobs, and Kevin Moore.

“The Demography of Inequality: Income, Wealth and Consumption, 1989-2016,” with David Johnson, Jonathan Fisher, and Tim Smeeding.

“Estimating the Marginal Propensity to Consume using the Distributions of Income, Consumption and Wealth,” with Jonathan Fisher, David Johnson, Jonathan Latner, and Timothy Smeeding. 2018. Washington Center for Equitable Growth Working Paper 2018-04.

“When Real Estate is the Only Game in Town,” with Hyunsoo Choi, Harrison Hong, and Jeffrey Kubik. 2014. National Bureau of Economic Research Working Paper 19798.

Other publications

“Wealth Inequality among Asian Americans,” with Christian Weller. 2016. Center for American Progress, December 20, 2016.

“The Effects of Student Loans on Long-Term Household Financial Stability,” with Dora Gicheva, in Student Loans and the Dynamics of Debt, eds. Brad Hershbein and Kevin M. Hollenbeck. 2015. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.

“Income Inequality,” with Jonathan Fisher and Tim Smeeding, published in 2015 “State of the States” special issue of Pathways magazine. http://web.stanford.edu/group/scspi/sotu/SOTU_2015.pdf

“Post-1970 Trends in Within-Country Inequality and Poverty,” with Salvatore Morelli and Timothy Smeeding, in The Handbook of Income Distribution Volume 2, eds. Anthony Atkinson and Francois Bourguignon. 2015. Elsevier.

“Recent Trends in Wealth of Minority Groups in the United States: Evidence from the Survey of Consumer Finances,” with Gustavo Suarez. 2014. Committee on the Status of Minority Groups in the Economics Profession The Minority Report, Winter 2014.

“Income Inequality since the Great Recession,” with Timothy Smeeding. 2014. Stanford Center for the Study of Poverty and Inequality National Report Card on Poverty and Inequality, January 2014.

“Inequality in the Great Recession: The Case of the United States,” with Tim Smeeding, in The Great Recession and the Distribution of Household Income, eds. Stephen Jenkins, Andrea Brandolini, John Mickelwright, and John Nolan. 2013. Palermo, Italy: Fondazione Rodolfo Debenedetti.

“Recent trends in Income Inequality: Labor, Wealth and More Complete Measures of Income,” with Tim Smeeding, in Who Loses in the Downturn? Economic Crisis, Employment and Income Distribution—Research in Labor Economics Vol. 32, eds. Herwig Immervoll, Andreas Peichl, and Konstantinos Tatsiramos. 2011.Bingley, UK: Emerald.

“Income, Inequality, and Poverty over the Early Stages of the Great Recession,” with Tim Smeeding, Asaf Levanon and Esra Burak, in The Great Recession, Eds. David Grusky, Bruce Western, and Christopher Wimer. 2011. Russell Sage Foundation.

“The Impact of Taxes on Migration in New England.” Political Economy Research Institute, April 2011.

"Costly Migration and the Incidence of State and Local Taxes.” 2011. Political Economy Research Institute Working Paper No. 251.

“Prioritizing Approaches to Economic Development in New England: Skills, Infrastructure, and Tax Incentives.” Political Economy Research Institute, August 2010.

“The Wage Penalty for State and Local Government Employees in New England,” with John Schmitt. Political Economy Research Institute, September 2010.

“Generating Jobs through State Employer Tax Credits: Is there a Better Way?” with Heidi Garrett-Peltier. 2010. Political Economy Research Institute Working Paper No. 219.

“Addressing the Regressivity of Sales Taxes.” State Tax Notes, Sept. 2003.

Conference and seminar presentations

“Wealth Distribution and Retirement Adequacy among Early Savers,” Congressional Budget Office, April 2018, Washington, DC.

“Wealth Distribution and Retirement Adequacy among Early Savers,” Federal Committee on Statistical Methodology 2018 Research and Policy Conference, March 2018, Washington, DC.

“Inequality in 3D: Income, Consumption, and Wealth,” Federal Reserve Bank of Boston, February 2018.

“Wealth Distribution and Retirement Adequacy among Early Savers,” ASSA, January 2018, Philadelphia.

“Changes in US Family Finances 2013–16: Results from the Survey of Consumer Finances,” Washington Center for Equitable Growth, October 2017.

“Preliminary Results from the 2016 Survey of Consumer Finances,” with Kevin Moore and Jesse Bricker, July 2017, Briefing for Federal Reserve Board of Governors, Washington, DC.

“Exploring the Racial Wealth Gap Using the Survey of Consumer Finances,” Community Development Division, Federal Reserve Bank of Philadelphia, July 2017.

“Student Debt and Financial Stability Among Non-Completers,” ASSA, Chicago, January 2017.

“Do Rising Top Incomes Lead to Increased Borrowing in the Rest of the Distribution?” Association for Public Policy Analysis & Management Annual Conference, Washington. DC, November 2016.

“Synergies and Interactions in the Distribution of Income, Consumption, and Wealth,” PSID Annual Users Conference, University of Michigan, Ann Arbor, September 2016.

“Imputing Consumption in the SCF,” Eurostat Household Finance and Consumption Survey Network Meeting, Dublin, June 2016.

“Federal Reserve Surveys of the Economic Well-Being of US Households,” Urban Institute Data Talk, Washington, DC, January 2016.

"The Impact of Income Volatility on Measured Cross-Section Inequality," NTA, November 2015.

“Exploring the Racial Wealth Gap Using the Survey of Consumer Finances,” presented at Federal Reserve Board Department of Consumer and Community Affairs “Race and Wealth Convening,” October 20, 2015.

“Incorporating Unrealized Capital Gains into Income: Impact and Sensitivity of Different Imputation Methods,” JSM, August 2015.

“Imputing Consumption into the SCF: Exploring New Methods,” Microeconomic Surveys Section Seminar, June 2015.

“Exploring the Racial Wealth Gap Using the Survey of Consumer Finances,” ASSA, January 2015.

“Do Rising Top Incomes Increase Consumption and Borrowing among the Non-rich?” ASSA, January 2015.

“The Impact of Student Loans on Home Buying,” Home Builders Association Housing Statistics Users Group, April 2015.

Changes in US Family Finances: Results from the Survey of Consumer Finances,” Economic Policy Institute, September 2014.

Changes in US Family Finances: Results from the Survey of Consumer Finances,” Center on Budget and Policy Priorities, September 2014.

Quantifying the Impact of Student Loan Debt on Homeownership,” Urban Institute Data Talk, July 2014.

Do Rising Top Incomes Increase Consumption and Borrowing Among the Non-rich?” Microeconomic Surveys Section Seminar, May 2014.

Post-1970 Trends in Within-Country Inequality and Poverty,” Eastern Economic Association Annual Meeting, March 2014.

Income Inequality since the Great Recession,” Stanford Center on Poverty and Inequality "National Report Card,"January 2014.

The Effects of State and Local Sales Taxes on Employment,” National Tax Association Annual Conference, November 2013.

“The Aftermath of the Great Recess: Inequality and Poverty in the US,” Joint Statistical Meetings, Montreal, August 2013.

“The Changing Demography of Wealth,” Investment Company Institute Research Committee Meeting, May 1, 2013.

“Post-1970 Trends in Within-Country Inequality and Poverty,” Handbook of Income Distribution Volume 2 author's conference, Paris, April 4, 2013.

“The Changing Demography of Wealth,” Population Association of America 2013 Conference, New Orleans, April 12, 2013.

“Inequality and Poverty in the Great Recession: The Extent and the Distribution of Mitigation through Taxes and Transfers,” ASSA Labor & Employment Relations Association Session, January 2013.

“Does Education Loan Debt Influence Household Financial Distress? An Initial Assessment Using the 2007–09 SCF Panel,” Federal Reserve Board, MEcS brown bag seminar, August 29, 2012.

“The Effect of Sales Taxes on Employment: New Evidence from Cross-Border Panel Data Analysis,” National Tax Association Spring Symposium, May 18, 2012.

“Prioritizing Approaches to Economic Development,” Lincoln Institute for Land Policy and Federal Reserve Bank of Boston conference on “Economic Perspectives on State and Local Taxes,” December 2, 2012.

“Understanding Labor Supply Responses in the Great Recession: An Analysis with the 2009 Panel of the Survey of Consumer Finances," with Jesse Bricker, Southern Economic Association Conference, November 20, 2011.

Meeting of invited scholars on “The Relationship between Economic Inequality and Economic Growth and Instability,” hosted by the Center for American Progress and the Roosevelt Institute, New York, Nov. 18, 2011.

“Poverty and Income Inequality over the Middle Stages of the Great Recession” (Tim Smeeding presenting), APPAM Conference: Seeking Solutions to Complex Policy and Management Problems, Nov. 4, 2011.

“Economic Impacts of Infrastructure Investments,” presented at “Labor’s Economic Agenda,” Amherst, MA, Sept. 23, 2011.

“Incomes across the Great Recession,” XIII European Conference of the Fondazione Rodolfo de Benedetti, Palermo, Italy, Sept. 10, 2011.

“State Government Alternatives to Austerity,” address to Progressive Party of Vermont Annual Meeting, Montpelier, VT, August 14, 2011.

“An Overview of Public Sector Finances in the Wake of the Great Recession, ” Meeting of scholars on new research and trends in the privatization and contracting of public services and assets, hosted by the Rutgers School of Management and Labor Relations and In the Public Interest, April 28–29, 2011.

“The Public Sector in the Great Recession,” at Raritan Valley Community College, Blanchburg, NJ, April 27, 2011.

“Recovering from the Great Recession,” Massachusetts State Legislative Leadership Retreat, March 29, 2011.

“Recovering from the Recession,” with Eric Rosengren, Lisa Lynch, and Robert Pollin, UMass Boston Globe Panel Discussion, March 28, 2011.

“Approaches to Economic Development in and after the Current Downturn,” keynote address at the 10th annual Tax and Budget Conference of the Maine Center for Economic Policy, March 4, 2011.

“Recent Trends in the Distribution of Income: Labor, Wealth and More Complete Measures of Well-Being” American Economics Association Annual Meeting, URPE session on “Inequality and Worker Well-Being in the U.S.,” Jan. 8, 2011.

“Public Sector Pay Differentials,” Economic Analysis Research Network conference, Dec. 9, 2010.

“Assessing Alternative Approaches to Economic Development at the State-level,” Center on Budget and Policy Priorities State Fiscal Policy Conference, Nov. 9, 2010.

"Prioritizing Approaches to Economic Development in New England: Skills, Infrastructure, and Tax Incentives,” seminar at Federal Reserve Bank of Boston's New England Study Group seminar series, Oct. 6, 2010.

“Economic Development in New England: A Positive Growth Agenda,” faculty colloquium at Center for Public Policy and Administration, University of Massachusetts Amherst, Nov. 1, 2010.

“The Importance of State Investments in the Economic Recovery and Beyond,” at the “Jobs and the Future of the US Economy: Possibilities and Limits” conference at Howard University, Oct. 1, 2010.

“Economic Development in New England,” keynote speaker at Vermont Public Assets Institute annual budget conference, Sept. 30, 2010.

"Recent Trends in Income from Wealth and Income from Labor: Stocks, Flows and More Complete Measures of Well Being," at OECD/IZA conference “Economic Crisis, Rising Unemployment and Policy Responses: What Does It Mean for the Income Distribution?” February 2010.

“Inequality in the Distribution of Income from Labor and Income from Capital over the Recession,” presented with Tim Smeeding at Tobin Project conference on income inequality, May 2010.

"Rhode Island and the New England Economy: The Current Crisis and the Road Ahead," speaker at Rhode Island Poverty Center Annual Budget Conference, January 2010.

“The Economic Role of the Public Sector,” Connecticut Voices for Children Annual Budget Conference, January 2010.

"Costly Migration and the Incidence of State and Local Taxes," University of Massachusetts Department of Economics, November 2008.

“Cost of living and the EITC,” Political Economy Research Institute, University of Massachusetts Amherst, March 2009.

"Costly Migration and the Incidence of State and Local Taxes," Federal Reserve Bank of Kansas City, February 2009.

"Costly Migration and the Incidence of State and Local Taxes," University of North Dakota, March 2009.

"Costly Migration and the Incidence of State and Local Taxes," Economic Research Service, USDA, March 2009.

“Cost of living and the EITC,” National Tax Association Conference, Philadelphia, November 2008

“Income from Wealth and Income from Labor: Stocks, Flows, and More Complete Measures of Well Being” (with Tim Smeeding presenting), Center for Policy Research Seminar, October 2007.

Luxembourg Income Study Annual Summer Workshop, 2005.

Center on Budget and Policy Priorities’ annual State Fiscal Analysis Conference  (various presentations), 1999–2004.

Economic Analysis Research Network annual conference (various presentations), 2000–2004.

Testimony before Oregon House of Representatives committees on tax reform, minimum wage policy, and poverty trends (on various occasions), 1999–2004.

Community Action Directors of Oregon Annual Poverty Conference, presentations 2003 and 2004