Institute Features

Institute Advisor Greg Kaplan and Research Division Consultant Fatih Guvenen published a new article, “Top Income Inequality in the 21st Century: Some Cautionary Notes

October 16, 2017

Opportunity and Inclusive Growth Institute

About Us

The mission of the Opportunity and Inclusive Growth Institute is to conduct and promote research that will increase economic opportunity and inclusive growth and help the Federal Reserve achieve its maximum employment mandate.

The Institute is a new Federal Reserve initiative aimed at conducting world-class research to measure, analyze and make recommendations to improve the economic well-being of all Americans, with a particular focus on structural barriers that limit full participation in economic opportunity and advancement in the United States. This effort will be based at the Minneapolis Fed but is designed to engage a broad range of scholars. The Institute will look beyond aggregate economic indicators in order to examine how national policies impact diverse communities of people within the U.S. economy. Such scholarship will allow the Federal Reserve System to better achieve one of its primary missions—maximum employment—and generate important new insights for other policymakers and the public.

The Institute will adopt a multi-disciplinary approach that includes the participation of leading academics from a variety of fields, including economics, education, law, public health, public policy, and sociology.

Opportunity and Growth Institute

Who We Are

A distinguished group of academics have joined the Board of Advisors to help launch the Institute. Board members will help the Institute by identifying topics where the Federal Reserve System can make a significant contribution and by recruiting Visiting Scholars. In the future, the Board’s support will grow and adjust according to the needs of the Institute and the direction of developing scholarship.

See the board members ›

Publications

Institute Working Papers

Human Capital and Development Accounting: New Evidence from Wage Gains at Migration

Institute Working Paper 1 | August 10, 2017

Lutz Hendricks | University of North Carolina, Chapel Hill
Todd Schoellman | Visiting Scholar, Opportunity & Inclusive Growth Institute

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Emigration during the French Revolution: Consequences in the Short and Longue Durée

Institute Working Paper 2 | September 26, 2017

Raphaël Franck | Hebrew University of Jerusalem
Stelios Michalopoulos | Visiting Scholar, Opportunity & Inclusive Growth Institute and Brown University

Read the full paper ›

See all institute working papers ›

Publications

System Working Papers

Old, Frail, and Uninsured: Accounting for Puzzles in the U.S. Long-Term Care Insurance Market

System Working Paper 17-22 | August 9, 2017

R. Anton Braun | Federal Reserve Bank of Atlanta
Karen A. Kopecky | Federal Reserve Bank of Atlanta
Tatyana Koreshkova | Concordia University and CIREQ

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The Decline in Intergenerational Mobility After 1980

System Working Paper 17-21 | July 6, 2017

Jonathan Davis | University of Chicago
Bhashkar Mazumder | Federal Reserve Bank of Chicago and University of Bergen

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See all system working papers ›

Working Together For Inclusive Growth

Visiting Scholar Program

The Institute will annually invite 3-5 selected scholars to pursue research while in residence at the Minneapolis Fed. These scholars will all have Ph.D.’s in the Social Sciences or have a career background that establishes their ability to conduct high-level, peer-reviewed scholarly research. Scholars will be selected based upon a research proposal related to the Institute’s mission.

Learn more ›

Coming Together For Inclusive Growth

Conferences

Starting in May 2017, the Minneapolis Fed will host a conference series dedicated to exploring topics related to the Institute’s mission. Subsequent conferences will be organized to highlight the emerging research of Advisory Board members, Visiting Scholars, and other experts. Conferences will be live streamed here and on minneapolisfed.org

Conferences

Conference Series

Fall 2017 Institute Conference

Federal Reserve Bank of Minneapolis | October 26, 2017 | Minneapolis, MN

The Institute’s fall conference is built around the topic of segregation and inequality, and will examine the role of several related issues, including disparities in housing and education.

Inaugural Spring 2017 Institute Conference

Federal Reserve Bank of Minneapolis | May 22-23, 2017 | Minneapolis, MN

The Institute’s inaugural conference was held on May 22-23, 2017. The agenda included discussions of current challenges to economic opportunity within the context of how the Federal Reserve can proactively engage and assist in supporting inclusive growth, either through monetary policy or other public policy contributions.

See all conferences ›

Press Release

The Minneapolis Fed’s Opportunity and Inclusive Growth Institute Announces 17 Scholars for 2017-2018

April 18, 2017

MINNEAPOLIS- The Federal Reserve Bank of Minneapolis is pleased to announce the names of 17 outstanding visiting scholars selected to conduct research while in residence at the Minneapolis Fed’s Opportunity and Inclusive Growth Institute.

Read the full press release ›