2019 Federal Reserve System Community Development Research Conference Agenda

2019 Federal Reserve System Community Development Conference: Renewing the Promise of the Middle Class

The conference will be held at the Marriott Marquis in Washington, D.C.

Thursday, May 9

7:00 a.m. Check In and Breakfast

8:30 a.m. Welcome: Michael Berry, Federal Reserve Bank of Chicago and Claudia Sahm, Board of Governors of the Federal Reserve System

Introduction: Eric Belsky, Board of Governors of the Federal Reserve System

Opening Remarks: Chairman Jerome Powell, Board of Governors of the Federal Reserve System

9:00 a.m. Plenary Session 1: Emerging Labor Market and Education Trends Reshaping Pathways to the Middle Class

Melissa Kearney, University of Maryland
Aaron Chatterji, Duke University
Valerie Rawlston Wilson, Economic Policy Institute
Moderator: Richard Reeves, Brookings Institution

10:30 a.m. Break

11:00 a.m. Concurrent Sessions 1:

Returns to Education and Training

Thomas Maloney, University of Utah, Teacher Unionization and Student Academic Performance: Will the Weakening of Teachers' Unions Harm the Middle Class and Intensify Educational Inequality?

Mark Elliott, Economic Mobility Corporation, Nine Year Gains: Project QUEST's Continuing Impact

Pamela Winston, U.S. Department of Health and Human Services, Cross-Domain Instability in Families with Some College Education: Implications for Supporting Opportunity and Security

Session Chair: Prabal Chakrabarti, Federal Reserve Bank of Boston

Trends in Jobs and the Labor Market

Sara Fauske Lamback, JFF, and Dan Restuccia, Burning Glass Technologies, When Is a Job Just a Job? And When Can it Launch a Career?

John Coglianese, Board of Governors of the Federal Reserve System, The Rise of In-and-Outs: Declining Labor Force Participation of Prime Age Men

Gregor Schubert, Harvard University, Getting Labor Markets Right: Outside Options and Occupational Mobility

Session Chair: Alexander Ruder, Federal Reserve Bank of Atlanta

Economic Well-Being and Work Policy Ideas

Bruce Meyer, University of Chicago, The Material Well-Being of the Bottom Twenty Percent and the Middle Class Since 1980

Heidi Hartmann, Institute for Women's Policy Research, Paid Leave for Family Economic Security

Leonard Burman, Urban Institute, A Universal EITC to Counteract Wage Stagnation

Session Chair: Emily Garr Pacetti, Federal Reserve Bank of Cleveland

12:30 p.m. Lunch

Introduction: Jane Dokko, Federal Reserve Bank of Chicago

Afternoon Remarks: President Charles Evans, Federal Reserve Bank of Chicago

2:00 p.m. Transition time

2:15 p.m. Concurrent Sessions 2:

Pathways to Homeownership and Housing Wealth

Michael Eriksen, University of Cincinnati, The Role of Parents on the Home Ownership Experience of their Children: Evidence from Health and Retirement Study

Isaac Hacamo, Indiana University, Helping the Middle Class: How Interest Rates Affect the Distribution of Housing Wealth

Lisa Nelson, Federal Reserve Bank of Cleveland, The American Dream or Just an Illusion? Understanding Land Contract Trends in the Midwest Pre- and Post-Crisis

Session Chair: Erin Troland, Board of Governors of the Federal Reserve System

Broader Implications of Student Loans

Venoo Kakar, San Francisco State University, Does Student Loan Debt Contribute to Racial-Wealth Gaps? A Decomposition Analysis

Debarshi Nandy, Brandeis University, Student Debt, Risk Preferences, and Household Net-Worth

Julie Margetta Morgan, Roosevelt Institute, The Student Debt Crisis, Labor Market Credentialization, and Racial Inequality: How the Student Debt Debate Gets the Economics Wrong

Session Chair: Ray Boshara, Federal Reserve Bank of St. Louis

Improving the Financial Security of Households

Katie Fitzpatrick, University of Delaware, Newark, Health Insurance and High Cost Borrowing: The Effect of Medicaid on Pawn Loans, Payday Loans, and other Non-Bank Financial Products

Luisa Blanco, Pepperdine University, Racial and Ethnic Differences in Financial Literacy and Outcomes: The Role of Neighborhood Effects

Maude Toussaint-Comeau, Federal Reserve Bank of Chicago, Liquidity and Credit Constraints, Debts, and Saving Behavior of the Middle Class

Session Chair: Sameera Fazili, Federal Reserve Bank of Atlanta

3:45 p.m. Transition time

4:00 p.m. Plenary Session 2: Financial Security and Wealth Building as Key Building Blocks of a Middle Class Lifestyle

Mehrsa Baradaran, University of Georgia School of Law
Cindy Soo, University of Michigan
Adam Looney, Brookings Institution
Moderator: Ida Rademacher, The Aspen Institute

5:30 p.m. Evening Reception

7:00 p.m. Day One Concludes

Friday, May 10

7:00 a.m. Breakfast

8:30 a.m. Introduction: Andrea Levere, Prosperity Now and Chair, Federal Reserve Board Community Advisory Council

Opening Remarks: Governor Lael Brainard, Board of Governors of the Federal Reserve System

9:15 a.m. Plenary Session 3: The Role of Local Communities in Mobility and Security in the Middle Class

Mary Pattillo, Northwestern University
Randall Akee, University of California, Los Angeles
David Williams, Opportunity Insights
Moderator: Margery Turner, Urban Institute

10:45 a.m. Transition time

11:00 a.m. Concurrent Sessions 3:

Race and Communities

William "Sandy" Darity Jr., Duke University, Understanding the Subaltern Native Middle Class

Junia Howell, University of Pittsburgh, The Increasing Effect of Neighborhood Racial Composition on Housing Values across the U.S., 1990-2010

Alan Mallach, Center for Community Progress, Over the Edge: Trajectories of African-American Middle Neighborhoods in St. Louis Since 2000

Session Chair: Theresa Singleton, Federal Reserve Bank of Philadelphia

Neighborhoods and Housing Affordability

Brittany Lewis, University of Minnesota, “Black Men Are Locked Up, Black Women Are Locked Out:" An In-depth Mixed Methodological Study of Evictions in North Minneapolis, Minnesota

Sandra Newman, Johns Hopkins University, There's No Place Like Home: Racial Disparities in Household Formation in the 2000s

Jacob Cosman, Johns Hopkins University, Redevelopment and Housing Prices

Session Chair: Michael Grover, Federal Reserve Bank of Minneapolis

Policy Ideas in Community Development

Ira Goldstein, Reinvestment Fund, Maybe it Really Does Take a Village: Supporting the Creation of High-Quality Unsubsidized Affordable Rental Housing in Legacy Cities

Anita Brown-Graham, University of North Carolina, Building Bonds and Bridges and Leveraging Links: A Place-Based Mobility Strategy Based on Social Capital Creation