I think many economists & policymakers underestimate the impact 6.5 million destabilized, homeless households could have on the spread of #COVID & the entire economy. The impact on those HH's, many of whom are Black & Brown, alone could be devastating. More must be done urgently.
For context, we know from research that Black & Hispanic households are more likely to:
1) Pay more for comparable housing (jchs.harvard.edu/blog/black-and…)
2) Be behind on rent (Census HH Pulse Surveys, cbpp.org/research/pover…)
3) Be at risk of eviction (evictionlab.org/demographics-o…).
Lived experience influences how I interpret data. B4 Internet & AirBnB, found a summer sublet in NYC thru Village Voice. Paid most rent up front, but landlord didn't pay our total rent. Was profoundly destabilizing & huge waste of resources to be abruptly evicted & made homeless.
Significant & terrifying event 4 me, single & barely out of undergrad. Can't imagine suddenly becoming homeless w/ children or elderly parents, while looking 4 a job & child or elder care during an ongoing pandemic. This will ripple thru entire economy. Urgent action needed now.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Dr. Lisa D. Cook

Dr. Lisa D. Cook Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @drlisadcook

14 Jun 20
Dear Fellow Macroeconomist @haralduhlig,
My friend Bernice's dad & my friend & classmate Angela's uncle was brutally murdered on April 4,1968 at 6:01pm at the Lorraine Motel. Bernice & Angela were 5 & 4 years old. He was a protester. His name was Martin Luther King, Jr. 1/N
@haralduhlig That day, my uncle’s classmate, Christine King Ferris, lost her brother. And my uncle, Samuel DuBois Cook, lost a best friend, @MorehouseCollege classmate, and fellow intellectual. The Cooks and Kings have been friends and civil rights defenders for 3 generations. 2/N
That day, my cousin, Floyd McKissick, Sr., lost a friend, fellow freedom fighter, and @MorehouseCollege classmate. They were fellow protesters at the March on Washington for Jobs and Freedom on August 28, 1963. 3/N
Read 15 tweets
30 May 20
I am a macroeconomist who uses lynching in economic analysis & was a student of George Akerlof, Barry Eichengreen, David Romer & Paul Romer.

When I taught at Harvard, I taught 2 fundamental equations for economic analysis:

Y = C + I + G + (X-M) (1) and

Y = F(K, L, A) (2). 1/N
I use “human capital” to explain models that got macro to the endogenous-growth equation, Eq. (2). I also teach how slaveowners & Confederates tried to extract "disembodied human capital" from enslaved persons by giving them the right to patent prior to emancipation. 2/N
As @trevondlogan knows, I spent 10 years trying to get my paper on lynching & economic activity published in econ journals (thx JEG!). Spent most time educating referees/fellow economists on US history. Main, persistent questions/comments:

1) What is a former slave? 3/N
Read 27 tweets
11 Apr 20
Agree. Economists don't consult (or admit to consulting) other fields enough. Some subfields are traditionally open to other fields, eg, econ history, development & pol econ.

This piece has a few blind spots, too.

1) Why just call out lack of gender diversity in econ? 1/n
"...Their discipline needs to be disrupted by an injection of new ideas, methods, and assumptions about human behavior. Unfortunately, there are powerful obstacles to this disruption: elite control and lack of gender diversity."

Economists' lived experiences r key to ideas. 2/n
Agree w/ needed disruption. Gender, racial & other types of diversity would help identify early warning signs in financial crises (see Janet Yellen) & to understand ec behavior broadly.

2) Not all economists are forecasters. Those who are possess varying degrees of humility. 3/n
Read 7 tweets
1 Oct 19
Based on the #AEAClimateReport, @AEASPmsu alum @itsafronomics and I wrote about issues facing Black women in economics and current & potential efforts to address them (nyti.ms/2oGMYxm). Hope all will read the op-ed & climate study: aeaweb.org/resources/memb…. 1/N
@AEASPmsu @itsafronomics For context, African Americans receive a smaller share of economics degrees than STEM degrees at every level. For 2017,

Economics
BA: 5.3%
MA: 5.6%
PhD: 3.2%

STEM
BA: 6.5%
MA: 7.8%
PhD: 4.3%

The full 2018 @AEACSMGEP report is here: aeaweb.org/content/file?i…. 2/N
@AEASPmsu @itsafronomics @AEACSMGEP Black representation in economics has declined since 1995, going from 6.4% of all economics degrees to
to 5.3% in 2017. (2018 @AEACSMGEP Report) 3/N
Read 29 tweets
27 Mar 19
Thanks to Chairman ⁦@RepHankJohnson⁩ and Ranking Member ⁦@RepMarthaRoby⁩ for holding a hearing today on diversity in the innovation economy and allowing me to present my research! #Honor #LostEinsteins #LostKatherines
Focus of my research & testimony: macro implications of suboptimal allocation of talent when women & URM aren't included at each stage of innovative process -- STEM ed & training, practice of invention (patent teams), & commercialization of invention. #LostEinsteinsAndKatherines
In addition to my research with Chaleampong Kongcharoen and Yanyan Yang, my testimony cited related work by Hunt, Garant, Herman, and Munroe; Hsieh, Hurst, Jones, and Klenow; and Bell, Chetty, Jaravel, Petrova, & @johnvanreenen. #LostEinsteinsAndKatherines
Read 4 tweets
14 Mar 19
For #PiDay + #WomensHistoryMonth, I honor an eminent, glass-ceiling-breaking mathematician, Dr. Loretta Marion Murray Braxton. In the 1950’s, her 1st math prof in college in VA told her that she was in the wrong classes, b/c "only boys took higher-level math classes."1/14
Undeterred, Loretta Braxton won an NSF to do an MS in math in a top program at the University of Illinois, obtained a doctorate, and taught the 1st African American who formed a billion-dollar company, Reginald Lewis. #PiDay #Fearless 2/N
As a math teacher, professor, and 15 years as chair of the math department at @VSUTrojans, Loretta Braxton mentored several generations of math students, many of whom became teachers + college or university professors themselves. #BlackAndSTEM 3/14
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(