RISEI Lab research · Also at riseilab.org/broadband-research.html
Working Paper · Under Review · July 2026

Connecting the Disconnected: Heterogeneous Returns to Broadband Infrastructure Investment

We exploit the engineering-based, staggered rollout of Connect America Fund Phase II to estimate heterogeneous returns to public broadband investment. CAF II raised labor force participation among workers with disabilities, a high search-costs population, by 1.6 percentage points relative to the general population in pre-pandemic data. The differential rises to 4.7 points including pandemic-era observations, exceeding the estimated Americans with Disabilities Act employment effect. Three mechanism tests reject remote work as the operative channel.

Diego A. Guerrero & Michelle Yin, Northwestern University

Draft July 11, 2026 · Under review · JEL codes: J14, J20, H54, L96, R11

Preliminary research. The working paper is currently under review and is subject to revision through peer review. The two policy briefs derive from this working paper and are similarly preliminary. Please cite the current working-paper draft rather than derivative material for any quantitative claim, and check riseilab.org/broadband-research.html for the latest version.

Key results

+1.6 pp
LFP gain for workers
with disabilities, pre-pandemic
+4.7 pp
LFP gain including
pandemic-era data
$20,800
federal cost per job
under CAF II (vs $92K ARRA)
$42.45B
BEAD deployment funds
moving to construction

Infrastructure returns concentrate on the demand side.

CAF II broadband raises labor force participation more for high search-cost populations (workers with disabilities) than for the general population. The demand-side heterogeneity dwarfs the supply-side average effect.

The magnitude exceeds the ADA employment effect.

Including pandemic-era observations, the 4.7 pp participation gain for workers with disabilities exceeds the estimated employment effect of the Americans with Disabilities Act, one of the largest population-level disability employment interventions in US history.

Remote work is NOT the operative channel.

Three mechanism tests reject the intuitive story that broadband helps workers with disabilities work from home: (1) telework grew LESS for workers with disabilities than for the general workforce, (2) employment gains are uniform across remote-feasible and non-remote-feasible occupations, and (3) commute reductions appeared only among workers with mobility impairments. The active channel is job search and application through digital labor-market platforms, not remote work.

Cost-per-job is low relative to comparable programs.

Federal cost per additional job under CAF II is approximately $20,800, versus roughly $92,000 per job-year for ARRA infrastructure spending. Digital infrastructure targeted at high-search-cost populations delivers labor-market returns at a fraction of the cost of general infrastructure stimulus.

Policy implication: BEAD and post-BEAD funds should target demand-side gaps.

With $42.45 billion in BEAD deployment funds moving to construction and $21 billion in restructuring savings awaiting NTIA decision, allocating infrastructure by supply-side coverage maps embeds an implicit assumption that a connection is worth roughly the same to everyone who gets one. The evidence rejects that assumption.

Policy briefs

Two derivative policy briefs translate the working-paper evidence for federal-level and state-level audiences currently deliberating billions in broadband infrastructure spending.

Downloads

Citation. Guerrero, D. A., & Yin, M. (2026). Connecting the Disconnected: Heterogeneous Returns to Broadband Infrastructure Investment. Northwestern University working paper, July 11, 2026. Under review.

Data. Connect America Fund Phase II state-year rollout, Current Population Survey Annual Social and Economic Supplement, American Community Survey, Federal Communications Commission Form 477. Standard errors clustered at Census-block-group level.

Author affiliations. Both authors are at Northwestern University, School of Education and Social Policy. Michelle Yin directs the RISEI Lab. Diego Guerrero is a Lead Economist at RISEI and a Ph.D. candidate at Northwestern.

RISEI Lab research on the labor-market returns to public infrastructure investment. Related: the ABLE Act evidence base on asset-test relief and disability financial inclusion.

See the ABLE research →