Economics Brown Bag: Luke Maddock

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Date/Time
Date(s) - 10/11/2021
12:00 pm - 1:00 pm

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Ph.D. students in the Department of Economics hold a weekly Brown Bag series on Mondays from noon to 1 p.m. on Zoom. These events provide an opportunity for a student to present and workshop a research paper or idea with peers and faculty. For more information, please contact Bhavya Sinha.

Monday, October 11 | 12-1 p.m.

Zoom Link: https://zoom.us/j/91238444352?pwd=NW5BQi9jYTQrVnNkeG1HVkJRejJKZz09 

Luke Maddock, Ph.D. Candidate

Evaluating the Efficacy of Federal Grant Funding on Varying Homeless Populations

Abstract:

The federal government allocates a significant amount of money towards services that aim to provide resources for people experiencing homelessness. Funding for these programs has increased dramatically since the $1.2 billion figure from FY2005 to $2.7 billion in FY2020, yet consistent levels of homelessness across the same period implies significant issues with the current system methodology. This analysis utilizes an instrumented variable technique to better understand how federal funding affects sheltered and unsheltered homeless populations at varying demographic splits. The model estimates suggest that greater levels of funding help increase the sheltered homeless population, with the effect being strongest for children and females. A 10% increase in funding relates to increases of about 14% and 3% of youth and female sheltered homelessness per 10,000 people, respectively. Most other specifications show around 1.5% to 2% increases from the same change in funding levels. However, funding appears to be unrelated to most specifications of unsheltered homelessness, indicating a limited scope of relief towards how people in homeless conditions respond to federal aid.

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