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  • Author: Alan Abramowitz, Ruy Teixeira
  • Publication Date: 04-2008
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: Dramatic shifts have taken place in the American class structure since the World War II era. Consider education levels. Incredible as it may seem today, in 1940 three-quarters of adults 25 and over were high school dropout s (or never made it as far as high school), and just 5 percent had a four-year college degree or higher. But educational credentials exploded in the postwar period. By 1960, the proportion of adults lacking a high school diploma was down to 59 percent; by 1980, it was less than a third, and by 2007, it was down to only 14 percent. Concomitantly, the proportion with a BA or higher rose steadily and reached 29 percent in 2007. Moreover, those with some college (but not a four-year degree) constituted another 25 percent of the population, making a total of 54 percent who had at least some college education 1 . Quite a change: moving from a country where the typical adult was a high school dropout (more accurately, never even reached high school) to a country where the typical adult not only has a high school diploma, but some college as well.
  • Topic: Civil Society, Demographics, Economics
  • Political Geography: United States
  • Author: Sara Burr, Virginia Carlson
  • Publication Date: 03-2007
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: Access to credit is one of the cornerstones of wealth-building in the United States. Yet, between 35 million and 54 million persons are not participating in the credit market. Many individuals outside the credit mainstream are unable to access credit, or credit at competitive rates, because of the lack of traditional information, such as mortgage and credit card payments, available on their credit files. However, there is evidence that the inclusion of alternative data on credit-like payments, such as utility payments, in credit reporting can help bridge this information gap. The first step toward filling this gap requires utility companies to systematically report these data to the major credit bureaus.
  • Topic: Civil Society, Demographics, Development, Economics
  • Political Geography: United States
  • Author: Alice M. Rivlin, Brooke DeRenzis
  • Publication Date: 04-2007
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: The Washington area is growing and decentralizing. From 1990 to 2000, the District of Columbia's population declined while the number of people living in surrounding suburbs increased. Prince George's County was among the suburban jurisdictions that experienced population growth, increasing by 10 percent from about 729,000 residents in 1990 to over 800,000 in 2000. Prince George's continues to grow, with an estimated 840,000 residents in 2005.
  • Topic: Demographics, Development, Economics, Migration
  • Political Geography: Washington
  • Author: Elizabeth Kneebone
  • Publication Date: 04-2007
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: The first half of this decade brought with it a range of economic challenges, including increased unemployment, stagnant family incomes, and rising poverty.
  • Topic: Demographics, Development, Economics, Government
  • Author: Alyssa Stewart Lee
  • Publication Date: 05-2007
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: While many developers and investors intuitively believe in the potential for profitable returns in American cities, there is a lack of visibility into what works and what does not work in urban markets. This week the Urban Markets Initiative at the Brookings Institution honors Urban Market Pathfinders who have demonstrated excellence capturing market potential by investing in communities.
  • Topic: Civil Society, Demographics, Development, Markets
  • Political Geography: America
  • Author: Howard Wial, Robert Atkinson
  • Publication Date: 02-2007
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: In the months running up to the 2004 election the issue of off- shoring—the movement of jobs from the United States to other nations—seemed to be on the front pages of newspapers every day. Some of the concern was about the loss of manufacturing jobs to lower-wage countries such as China and Mexico, a process that had been going on for decades. The offshoring of service jobs, though, was something new. Service workers—including college- educated professionals—who previously thought their jobs immune to foreign competition began to worry about this new source of job in security. Policymakers concerned about the American standard of living wondered whether service offshoring would eliminate the United States' advantage in high technology industries.
  • Topic: Demographics, Economics, Government, Poverty
  • Political Geography: United States, China, Mexico
  • Author: Christopher B. Leinberger
  • Publication Date: 01-2007
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: Over the past decade, the real estate field has begun applying many of the development strategies employed by a number of iconic developers active before 1940. J.C. Nichols (Country Club Plaza in Kansas City), George Merrick (Coral Gables, Florida), the Rockefeller family (Rockefeller Center), and others have become role models, their major developments emulated in recently revived downtowns, suburban town centers, New Urbanism projects, and transit oriented developments. But while nearly all of the attention today has been on the urban design lessons of these developers and their projects, there are financing lessons they can teach us as well.
  • Topic: Demographics, Development, Economics, Markets
  • Political Geography: United States, Florida
  • Author: Barry Bosworth, Gabriel Chodorow-Reich
  • Publication Date: 11-2006
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: This paper uses a panel data set of 85 countries covering 1960-2005 to investigate the macroeconomic linkages between national rates of saving and investment and population aging. The issue takes on added significance because of the recent suggestion that the decline in global interest rates has been driven by demographic changes in the industrial economies. We do find a significant correlation between the age composition of the population and nations' rates of saving and investment, but the effects vary substantially by region. They are very strong for the non-industrial economies of Asia, but weak in the high-income countries. We also find evidence demographic effects on both the public and private components of national saving. Furthermore, we conclude that the demographic effects on saving will be less disruptive than sometimes believed because of offsetting declines in investment. However, the effects on saving are stronger than those for investment, implying that most aging economies will ultimately be pushed in the direction of current account deficits.
  • Topic: International Relations, Demographics, Economics
  • Political Geography: Asia
  • Author: Patrick D. Walker, Robin Varghese, Ann Schnare, Alyssa Stewart Lee, Michael A. Turner
  • Publication Date: 12-2006
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: Despite the vast accomplishments of the American credit system, approximately 35 million to 54 million Americans remain outside the credit system. For a variety of reasons, mainstream lenders have too little information on them to evaluate risk and thereby extend credit. As a result, those in most need of credit often turn to check cashing services and payday loan providers, with effective interest rates as high as 500 percent. The lack of reliable credit places them at a great disadvantage in building assets (such as homes, small businesses, or loans for education) and thereby improving their lives.
  • Topic: Demographics, Economics, Government, Poverty
  • Political Geography: America
  • Author: Elizabeth Kneebone, Alan Berube
  • Publication Date: 12-2006
  • Content Type: Working Paper
  • Institution: The Brookings Institution
  • Abstract: The first half of the current decade brought economic uncertainty and hardship for many Americans. In stark contrast to the late 1990s, when employment and wages were growing at historic rates, the 2000s have been marked by an economic recession, stagnant wages for many workers, and job losses followed by what some have termed a “jobless recovery.”
  • Topic: Civil Society, Demographics, Economics, Poverty
  • Political Geography: America