Today, we’re highlighting some research the St. Louis Fed has recently produced that you may have missed.
The Housing Supply Puzzle: Part 1, Divergent Markets
Homebuyers looking for lower- and middle-tier housing have been increasingly priced out of the new-home market.
The Housing Supply Puzzle: Part 2, Rental Demand
Several consecutive years of rental market strength appear to have contributed to the current housing shortage.
The Housing Supply Puzzle: Part 3, Price Gaps
Growth in the price gaps between housing tiers appears to have reduced for-sale inventories in U.S. residential markets.
Top Earners: Cross-Country Facts
The authors provide a common set of life cycle earnings statistics based on administrative data from the United States, Canada, Denmark and Sweden. They find three qualitative patterns, which are common across countries:
Models of top earners should account for these three patterns and, importantly, for how they quantitatively differ across countries.
Gauging Debt Levels in the U.S. and Eighth District
The amount of consumer debt has exceeded a 2008 peak. But in inflation-adjusted terms, the current debt level is still below the peak set during the Great Recession.
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