Institute Features

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.

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.

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Institute Working Papers

College Access and Attendance Patterns: A Long-Run View

Institute Working Paper 10 | July 2, 2018

Lutz Hendricks | University of North Carolina, Chapel Hill
Chris Herrington | Virginia Commonwealth University
Todd Schoellman | Senior Research Economist

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Income and Wealth Inequality in America, 1949-2016

Institute Working Paper 9 | June 14, 2018

Moritz Kuhn | University of Bonn, CEPR, and IZA
Moritz Schularick | University of Bonn and CEPR
Ulrike I. Steins | University of Bonn

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System Working Papers

What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans

System Working Paper 18-15 | May 23, 2018

Andreas Fuster | Federal Reserve Bank of New York
Greg Kaplan | University of Chicago and Opportunity and Inclusive Growth Institute Advisor
Basit Zafar | Arizona State University

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Inequality in 3-D: Income, Consumption, and Wealth

System Working Paper 18-14 | May 15, 2018

Jonathan Fisher | Stanford University
David Johnson | University of Michigan
Timothy Smeeding | University of Wisconsin-Madison
Jeffrey Thompson | Board of Governors of the Federal Reserve System

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Working Together For Inclusive Growth

Visiting Scholar Program

The Institute will annually invite 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.

The application period for the 2018-2019 cohort of Visiting Scholars has closed.

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Coming Together For Inclusive Growth


In 2017, the Minneapolis Fed hosted a conference series dedicated to exploring topics related to the Institute’s mission. Subsequent conferences highlight the emerging research of Advisory Board members, Visiting Scholars, and other experts.

2018 conferences will occur on May 11 and October 26. Conferences will be live streamed here and on


Conference Series

Spring 2018 Institute Conference

Federal Reserve Bank of Minneapolis | May 11, 2018 | Minneapolis, MN

The Opportunity & Inclusive Growth Institute's third conference focused on labor market trends & the future of work. The agenda included panel discussions on labor markets and poverty, breaking down barriers to employment, and the future of work and welfare.

Fall 2017 Institute Conference

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

The Institute’s fall conference was built around the topic of segregation and inequality, and examined 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.

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Press Release

Minneapolis Fed Announces New Class of Visiting Scholars

April 11, 2018

MINNEAPOLIS- The Minneapolis Fed announced a new and expanded cohort of 21 visiting scholars selected to conduct research while in residence at the Opportunity and Inclusive Growth Institute.