Fed summarizes research linking income and wage increases with better long-term child and family outcomes

To identify links between income increases and long-term family outcomes, the Federal Reserve Bank of Boston reviewed a set of quasi-experimental efforts (“natural experiments”) that increased wages and income for low-income people. The review finds that policy interventions that increase income– whether through a higher minimum wage or enhanced transfer payments–have a causal relationship with children’s educational and health development downstream. Some evidence also connects higher income and improved adult stress and mental health; the research on income hikes reducing recidivism and crime is promising, but not robust. #workforce #racialequity #covid-19