Tomas Monarrez @TomasEMonarrez
Labor Economist. Senior Research Fellow, Federal Reserve Bank of Philadelphia. UC Berkeley PhD. sites.google.com/site/tmonarrez Washington, DC Joined February 2013-
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✨The Unfinished Legacy of Brown v Board of Education at 70✨ Join us May 6 at Stanford University to distill the lessons of past research and craft a new agenda for addressing racial and economic segregation in American schools. Info+registration at humsci.stanford.edu/feature/unfini…
Congratulations @jdmatsudaira! Thank you for the opportunity to serve
Congratulations @jdmatsudaira! Thank you for the opportunity to serve
The final report in our series on the student loan payments resumption examines how borrowers expected to change their earning, borrowing, saving, and spending behaviors and their household budgets coinciding with the return to repayment on October 1, 2023.bit.ly/3OCTv5v
(Yet more) new research alert! 📢 The 3rd report in CFI’s series on payments resumption is live. @TomasEMonarrez and I study how aware borrowers were of the SAVE IDR plan, whether they intended to enroll, and who might see payment reductions if enrolled as of Nov 2023. 1/7
(Yet more) new research alert! 📢 The 3rd report in CFI’s series on payments resumption is live. @TomasEMonarrez and I study how aware borrowers were of the SAVE IDR plan, whether they intended to enroll, and who might see payment reductions if enrolled as of Nov 2023. 1/7
(More) New Research Alert! 📢 For the 2nd report in our series on the return to repayment, @TomasEMonarrez and I asked borrowers about excess/lump-sum payments in July-September 2023. We know borrowers made them from Treasury data, but who did and how much? 1/6
(More) New Research Alert! 📢 For the 2nd report in our series on the return to repayment, @TomasEMonarrez and I asked borrowers about excess/lump-sum payments in July-September 2023. We know borrowers made them from Treasury data, but who did and how much? 1/6
New research alert! 📢 Consumer Finance Institute at the @philadelphiafed collected tons of survey data on student loan payments resumption in 2023 and we are launching a 4-part report series today! Here’s the first report by @TomasEMonarrez and yours truly 👇🏼 1/n
New research alert! 📢 Consumer Finance Institute at the @philadelphiafed collected tons of survey data on student loan payments resumption in 2023 and we are launching a 4-part report series today! Here’s the first report by @TomasEMonarrez and yours truly 👇🏼 1/n
Ever since the Great Migration, when 4 million African Americans escaped the South, Cleveland, OH, looks like a shattered mess of segregated communities. Is this true for U.S. cities in general? New research by @JamieMccasland, @TomasEMonarrez, @everettstamm1, and me says yes. 🧵
At this year’s centenary celebration for the Industrial Relations Section at @Princeton, David Card, Ph.D. *83 spoke about the 3 a.m. meeting that coined the term "difference in differences."
The Black/white wage differential stopped falling by 1980. Since then, it rose from ~20% to ~24% in 2018. Then it fell, and stands under 16% today, an all time low. The tight labor market has led to a historic reduction in racial wage disparities.
Really proud of our latest CFI report on student loan repayment, where we use survey data collected in July and Treasury payments data to look at student loan borrower expectations for repayment resumption. And this is @TomasEMonarrez first report at Philly Fed! 🎉 1/6
Really proud of our latest CFI report on student loan repayment, where we use survey data collected in July and Treasury payments data to look at student loan borrower expectations for repayment resumption. And this is @TomasEMonarrez first report at Philly Fed! 🎉 1/6
In 1947, California ended the de jure segregation of Mexican American schoolchildren. We spoke with @FranciscaAntman of @CU_Economics about what impact that had on the educational outcomes of Hispanic and non-Hispanic Whites. #ResearchHighlight aeaweb.org/research/mexic…
A short writeup of our work on school capital spending, with Julien Lafortune and @davidfromterra
A short writeup of our work on school capital spending, with Julien Lafortune and @davidfromterra
Forthcoming in the AER: "Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being" by Sandra E. Black, Jeffrey T. Denning, Lisa J. Dettling, Sarena Goodman, and Lesley J. Turner. aeaweb.org/articles?id=10…
For the release of my JEL paper with @TomasEMonarrez, I want to highlight one result: even though racial relations in the U.S. have generally improved since 1990, one aspect has hardly changed: segregation across local governments, limiting access to public goods for minorities.
For the release of my JEL paper with @TomasEMonarrez, I want to highlight one result: even though racial relations in the U.S. have generally improved since 1990, one aspect has hardly changed: segregation across local governments, limiting access to public goods for minorities.
Excited to unveil a new @usedgov Office of the Chief Economist blog!! Our team has been doing lots of work using data to help understand how our programs are affecting students and borrowers - we’re going to start sharing that work here! sites.ed.gov/ous/office-of-…
Forthcoming in AEJ: Economic Policy: "Racial and Ethnic Representation in Local Government" by Brian Beach, Daniel B. Jones, Tate Twinam, and Randall Walsh. aeaweb.org/articles?id=10…
How lucky am I to have @TomasEMonarrez as my new colleague... welcome to the Philly Fed and Consumer Finance Institute! So happy to have you and grateful to @jdmatsudaira and his team at ED for sending you our way.
How lucky am I to have @TomasEMonarrez as my new colleague... welcome to the Philly Fed and Consumer Finance Institute! So happy to have you and grateful to @jdmatsudaira and his team at ED for sending you our way.
Wishing you all the best Tomas! Thanks for all your foundational work launching the Office of the Chief Evonomist at @usedgov! Looking forward to the great work you’ll do at the Philadelphia Fed!
Wishing you all the best Tomas! Thanks for all your foundational work launching the Office of the Chief Evonomist at @usedgov! Looking forward to the great work you’ll do at the Philadelphia Fed!
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Delighted to announce that Dr. Jesse Rothstein @rothstein_jesse, Carmel P. Friesen Professor of Public Policy & Professor of Economics at @UCBerkeley , will receive the 2024 @AEAMP1 Impactful Mentor Award at the 2024 AEA Summer Mentoring Pipeline Conference!
what the fuck
A study uncovers a link between the number of older brothers and male homosexuality, suggesting a biological mechanism involving maternal immune response to a protein crucial in male fetal brain development. In @NPR: ow.ly/fRBo50RkKPZ In PNAS: ow.ly/IgWA50RkKQ1
Unless you manipulated treatment assignment, your identification strategy is some version of selection on observables.
“Not much in social science makes sense except in light of power struggle … Brandeis was very much about this, but the consumer welfare standard ignored it.” In conversation with @linakhanFTC, @DAcemogluMIT says you can't understand the economy without accounting for power.👇🧵
Haha! This my new favorite math joke! 😂
This is incredible. From @Jamie_Lane where AirBnBs are fully booked next week.
This is a good summary of the differences between standard linear regression (ordinary least squares) and total least squares.
Interested in a career in #economics? Join @federalreserve staff on May 8, 2024, at 11:00 A.M. ET to discuss their experiences at the Board and the career paths and opportunities available. Learn more: federalreserve.gov/conferences/ex… #FedEconJobs #EconTwitter
🙏🏾🙏🏾🙏🏾 What an incredible honor! The work continues. Apply here to join our team studying regional patterns and drivers of racial wealth inequality: tinyurl.com/y68st2p8
#QJE May 2024, #1, “Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020,” by Derenoncourt (@EDerenoncourt), Kim (@ckim_econ), Kuhn (@kuhnmo), and Schularick (@MSchularick): doi.org/10.1093/qje/qj…
Friends, I have some shocking news. Not only is the process shown in the video not how ancient statisticians performed linear regressions, this is *not* even linear regression as we have come to know it.
this is how statisticians computed linear regressions prior to the invention of the computer:
Featuring an all star lineup: @prudencelcarter @CatherineLhamon @ProfRucker @KalenaCortes @ElizabethSetren @hines_historic @MyronOrfield @TomasEMonarrez @m_thompson @Bob__Kim @ProfKJRobinson , Thad Domina, Alvin Pearman, Irene Lo, + new work from sean reardon and me!
✨The Unfinished Legacy of Brown v Board of Education at 70✨ Join us May 6 at Stanford University to distill the lessons of past research and craft a new agenda for addressing racial and economic segregation in American schools. Info+registration at humsci.stanford.edu/feature/unfini…
As someone who worked for decades to get the aid process simplified, this year has been devastating I cannot imagine how bad it is for families and aid offices theatlantic.com/ideas/archive/…
Japan wasn't colonized in any meaningful sense by "Western" powers at any point in its history. European merchants were present in Japan during the period depicted and they even owned some land, but they were very much subject to the will of local daimyo and later the shogun. 1/
Which line is the error? Read on for my answer.
Yesterday I left my office for the last time at the Council of Economic Advisers. I feel honored and grateful to have served under the leadership of two fantastic chairs, @econjared & @CeciliaERouse, and together with so many brilliant colleagues! It was truly as good as it gets.
Every one of these assumptions should be questioned. And they are increasingly in economics (thankfully). However, the logic below of why they are collectively improbable is ... silly.
Interesting point by richard Werner. The joint probability that all assumptions of neoclassical theory would hold is less than 1%
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