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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Research Briefs

Did More People Move During the Pandemic?

Riordan Frost • March 14, 2023

After the onset of the COVID-19 pandemic in the United States in March 2020, there was a spike in the number of people moving—both permanently and temporarily—and a…
Research Briefs

Piling Ever Higher: The Continued Growth of Student Loans

Riordan Frost • July 25, 2019

Compared to 2013, a higher share of US households had outstanding student loans in 2016, and the typical borrower’s debt also increased markedly during that period, according…