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TheEconomists

Photo of Raven Molloy

raven.s.molloy@frb.gov
Education
  • Ph.D., Economics, Harvard University, 2005
  • M.A., Economics, Harvard University, 2003
  • B.A., Economics, University of Virginia, 1997
  • Current Research Topics

  • Migration within the United States
  • Causes and Consequences of Vacancy/Foreclosure
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2010 - present
    • Economist

      Board of Governors of the Federal Reserve System

    • 2005 - 2010
  • Gyourko, Joseph, and Raven S. Molloy (2014). "Regulation and Housing Supply," NBER Working Papers 20536. National Bureau of Economic Research, Inc.
  • Molloy, Raven Saks (2014). "Long-Term Vacant Housing in the United States," Finance and Economics Discussion Series 2014-73. Board of Governors of the Federal Reserve System (U.S.).
  • Molloy, Raven, Christopher L. Smith, and Abigail K. Wozniak (2014). "Declining Migration within the U.S.: The Role of the Labor Market," NBER Working Paper 20065. National Bureau of Economic Research.
  • Molloy, Raven Saks, and Rebecca Zarutskie (2013). "Business Investor Activity in the Single-Family-Housing Market," FEDS Notes 2013-12-05. Board of Governors of the Federal Reserve System (U.S.).
  • Molloy, Raven, and Hui Shan (2013). "The Effect of Gasoline Prices on Household Location," Review of Economics & Statistics, vol. 95, no. 4, pp. 1212-1221.
  • Molloy, Raven, and Hui Shan (2010). "The Effect of Gasoline Prices on Household Location," Finance and Economics Discussion Series 2010-36. Board of Governors of the Federal Reserve System (U.S.).
  • Molloy, Raven Saks, and Hui Shan (Forthcoming). "The Post-Foreclosure Experience of U.S. Households," Real Estate Economics.
  • Molloy, Raven Saks, and Hui Shan (2011). "The Post-Foreclosure Experience of U.S. Households," Finance and Economics Discussion Series 2011-32. Board of Governors of the Federal Reserve System (U.S.).
  • Molloy, Raven Saks, Christopher L. Smith, and Abigail Wozniak (2011). "Internal Migration in the United States," Journal of Economic Perspectives, vol. 25, no. 3, pp. 173-196.
  • Molloy, Raven Saks, Christopher L. Smith, and Abigail Wozniak (2011). "Internal Migration in the United States," Finance and Economics Discussion Series 2011-30. Board of Governors of the Federal Reserve System (U.S.).
  • Molloy, Raven, and Carola Frydman (2011). "Does Tax Policy Affect Executive Compensation? Evidence from Postwar Tax Reforms," Journal of Public Economics, vol. 95, no. 11-12, pp. 1425-1437.
  • Frydman, Carola, and Raven S. Molloy (2009). "Does Tax Policy Affect Executive Compensation? Evidence from Postwar Tax Reforms," Finance and Economics Discussion Series 2009-30. Board of Governors of the Federal Reserve System (U.S.).
  • Frydman, Carola, and Raven S. Molloy (2012). "Pay Cuts for the Boss: Executive Compensation in the 1940s," Journal of Economic History, vol. 72, no. 1, pp. 225-251.
  • Lutz, Byron, Raven Molloy, and Hui Shan (2011). "The Housing Crisis and State and Local Government Tax Revenue: Five Channels," Journal of Regional Science and Urban Economics, vol. 41, no. 4, pp. 306-319.
  • Lutz, Byron, Raven Molloy, and Hui Shan (2010). "The Housing Crisis and State and Local Government Tax Revenue: Five Channels," Finance and Economics Discussion Series 2010-49. Board of Governors of the Federal Reserve System (U.S.).
  • Molloy, Raven S., and Abigail Wozniak (2011). "Labor Reallocation Over the Business Cycle: New Evidence from Internal Migration," Journal of Labor Economics, vol. 29, no. 4, pp. 697-739.
  • Saks, Raven E., and Abigail Wozniak (2007). "Labor Reallocation Over the Business Cycle: New Evidence from Internal Migration," Finance and Economics Discussion Series 2007-32. Board of Governors of the Federal Reserve System (U.S.).
  • Frydman, Carola, and Raven E. Saks (2010). "Executive Compensation: A New View from a Long-Term Perspective, 1936-2005," Review of Financial Studies, vol. 23, no. 5, pp. 2099-2138.
  • Frydman, Carola, and Raven E. Saks (2007). "Executive Compensation: A New View from a Long-Term Perspective, 1936-2005," Finance and Economics Discussion Series 2007-35. Board of Governors of the Federal Reserve System (U.S.).
  • Saks, Raven E. (2008). "Job Creation and Housing Construction: Constraints on Metropolitan Area Employment Growth," Journal of Urban Economics, vol. 64, no. 1, pp. 178-195.
  • Saks, Raven E. (2005). "Job Creation and Housing Construction: Constraints on Metropolitan Area Employment Growth," Finance and Economics Discussion Series 2005-49. Board of Governors of the Federal Reserve System (U.S.).
  • Saks, Raven E. (2008). "Reassessing the Role of National and Local Shocks in Metropolitan Area Housing Markets," Brookings-Wharton Papers on Urban Affairs, no. 9, pp. 95-117.
  • Glaeser, Edward L., and Raven E. Saks (2006). "Corruption in America," Journal of Public Economics, vol. 90, no. 6-7, pp. 1053-1072.
  • Glaeser, Edward L., Joseph Gyourko, and Raven E. Saks (2006). "Urban Growth and Housing Supply," Journal of Economic Geography, vol. 6, no. 1, pp. 71-89.
  • Glaeser, Edward L., Joseph Gyourko, and Raven E. Saks (2005). "Why have Housing Prices Gone Up?" American Economic Review, vol. 95, no. 2, pp. 329-333.
  • Glaeser, Edward L., Joseph Gyourko, and Raven Saks (2005). "Why is Manhattan so Expensive? Regulation and the Rise in Housing Prices," Journal of Law and Economics, vol. 48, no. 2, pp. 331-369.
  • Saks, Raven E., and Stephen H. Shore (2005). "Risk and Career Choice," Advances in Economic Analysis & Policy, vol. 5, no. 1, pp. 1-43.
  • Lebow, David E., Raven E. Saks, and Beth Anne Wilson (2003). "Downward Nominal Wage Rigidity: Evidence from the Employment Cost Index," Advances in Macroeconomics, Vol. 3, no. 1.
  • Lebow, David E., Raven E. Saks, and Beth Anne Wilson (1999). "Downward Nominal Wage Rigidity: Evidence from the Employment Cost Index," Finance and Economics Discussion Series 1999-31. Board of Governors of the Federal Reserve System (U.S.).
  • Cannon, Sandra A., Bruce Fallick, Michael Lettau, and Raven Saks (2001). "Has Compensation Become More Flexible?" in Polachek, Solomon,W. ed., Worker Wellbeing in a Changing Labor Market. Research in Labor Economics, vol. 20. Amsterdam; London and New York: Elsevier Science, JAI, pp. 243-269.
  • Cannon, Sandra A., Bruce C. Fallick, Michael Lettau, and Raven Saks (2000). "Has Compensation Become More Flexible?" Finance and Economics Discussion Series 2000-27. Board of Governors of the Federal Reserve System (U.S.).
  • conference

    May 2014

    AREUEA National Conference

    Regulation and the Housing Supply

  • seminar

    May 2014

    Realtor University

    Long-Term Vacant Housing in the United States

  • conference

    February 2013

    Renters, Homeowners and Investors: The Changing Profile of Communities

    Long-Term Vacant Housing in the United States

  • seminar

    March 2012

    NYU Colloquium on Law, Economics and Politics

    The Post-Foreclosure Experience of US Households

  • seminar

    November 2011

    Federal Reserve Bank of Philadelphia

    The Post-Foreclosure Experience of U.S. Households

  • seminar

    November 2011

    Massachusetts Institute of Technology, Department of Urban Studies and Planning

    Gasoline Prices, Household Location, and Urban Sprawl

  • conference

    May 2011

    Federal Reserve Bank of Cleveland Policy Summit

    The Post-Foreclosure Experience of U.S. Households

  • conference

    April 2011

    Federal Reserve Community Affairs Research Conference

    The Post-Foreclosure Experience of U.S. Households

  • conference

    November 2010

    Urban Economics Association

    The Post-Foreclosure Experience of U.S. Households

  • conference

    November 2010

    Federal Reserve System Conference on Regional Economics

    The Post-Foreclosure Experience of U.S. Households

  • conference

    July 2010

    Institut d'Economia de Barcelona Workshop on Urban Economics

    The Effect of Gasoline Prices on Household Location

  • seminar

    May 2010

    University of Maryland, Department of Agricultural Economics

    The Effect of Gasoline Prices on Household Location

  • conference

    May 2009

    Mid-Year Meeting of the Amerian Real Estate and Urban Economics Association

    The Contribution of Higher-Risk Lending to the 2002-2008 Housing Cycle

  • conference

    November 2008

    Federal Reserve System Conference on Regional Economics

    The Contribution of Higher-Risk Lending to the 2002-2008 Housing Cycle

  • conference

    November 2008

    Urban Economics Association

    The Contribution of Higher-Risk Lending to the 2002-2008 Housing Cycle

  • conference

    July 2008

    International Conference of the American Real Estate and Urban Economics Association

    Resurrecting the National Housing Market: Reassessing the Role of National and Local Shocks in Metropolitan Area Housing Markets

  • seminar

    April 10, 2008

    Massachusetts Institute of Technology Center for Real Estate

    The Current Housing Market Contraction: Is Subprime Lending to Blame?

  • conference

    October 2007

    Brookings-Wharton Conference on Urban Affairs

    Resurrecting the National Housing Market: Reassessing the Role of National and Local Shocks in Metropolitan Area Housing Markets

  • seminar

    November 2007

    University of Michigan, Department of Economics

    Executive Compensation: A New View from a Long-Term Perspective

  • seminar

    April 2007

    Brookings Economic Studies Seminar Series

    Tax Policy and Executive Compensation

  • seminar

    December 2006

    McGill University, Department of Economics

    Is Migration Procyclical? Evidence on Internal Migration over the Business Cycle

  • conference

    November 2006

    Annual Meeting of the North American Regional Science Council

    Is Migration Procyclical? Evidence on Internal Migration over the Business Cycle

  • conference

    November 2006

    Federal Reserve System Conference on Regional Economics

    Is Migration Procyclical? Evidence on Internal Migration over the Business Cycle

  • conference

    May 2006

    Mid-Year Meeting of the Amerian Real Estate and Urban Economics Association

    Why Have Housing Prices Gone Up?

  • conference

    January 2006

    Annual Meeting of the American Economic Association, Cliometric Society

    Executive Compensation: A New View from a Long-Term Perspective

  • conference

    November 2005

    Annual Meeting of the North American Regional Science Council

    Job Creation and Housing Construction: Constraints on Metropolitan Area Employment Growth

Awards

  • 2013

    American Real Estate and Urban Economics Association

    Edwin S. Mills Real Estate Economics Best Paper Award

  • 2005

    The B.E. Journal of Economic Analysis & Policy

    Arrow Prize for Best Paper by a Junior Economist

Conference Organization

  • January 2015 Boston, MA

    Annual Meeting of the American Real Estate and Urban Economics Association

    Conference Committee

  • October 2011 Washington, DC

    Federal Reserve System Conference on Regional Economics

    Logistics

  • May 2009 Washington, DC

    Mid-Year Meeting of the American Real Estate and Urban Economics Association

    Conference Committee

Editor

  • Editorial Board, Journal of Urban Economics
  • Editorial Board, Journal of Housing Economics

Referee

  • American Economic Review
  • Cityscape
  • Econometrica
  • Economics Letters
  • Explorations in Economic History
  • Journal of Economic Development
  • Journal of Economic Geography
  • Journal of Economic History
  • Journal of Housing Economics
  • Journal of Labor Economics
  • Journal of Political Economy
  • Journal of Public Economics
  • Journal of Regional Science
  • Journal of Regional Science and Urban Economics
  • Journal of Urban Economics
  • National Science Foundation
  • Quarterly Journal of Economics
  • Regional Science and Urban Economics
  • Review of Economics and Statistics

Professional Affiliation

  • American Economic Association
  • American Real Estate and Urban Economics Association
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Last update: December 8, 2014