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Newsletter
Looking for diamonds in the rust: Midwest cities and job growth
While many discuss the Midwest?s economic struggles, often overlooked are the varied performances of the region?s cities. The author looks at the performances of the region?s cities since the turn in the regional economy five years ago and assesses how each city?s performance was affected by its industry mix.
Journal Article
Does the federal tax treatment of housing affect the pattern of metropolitan development?
The U.S. tax code allows home owners to deduct mortgage interest and property taxes on their federal income tax forms. It also gives special treatment to the capital gains realized from the sale of owner-occupied housing. These advantages encourage investment in owner-occupied housing. But do these tax breaks have other, more far-reaching consequences? In this article, Dick Voith looks at how the tax code's special treatment of owner-occupied housing may affect metropolitan development
Journal Article
State of New York City's housing and neighborhoods: an overview of recent trends
This paper was presented at the conference "Policies to Promote Affordable Housing," cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy, February 7, 2002. It was part of Session 1: State of New York City's Housing and Neighborhoods.
Journal Article
Suburban housing collaborative: a case for interjurisdictional collaboration
More than 280 municipalities surround the city of Chicago, with more than 120 in Cook County alone. The metropolitan region?s seven counties also include 123 townships, 307 school districts, 136 fire districts, 173 park districts, and 108 library districts. (GO TO 2040 2010) In recent years, some suburban communities have recorded foreclosure rates exceeding those of the most distressed inner city neighborhoods. In other towns, home values have fallen to 1990s levels. In still others, less than 10 percent of the local workforce can afford to live near where they work. Layered over all of ...
Journal Article
Estimating U.S. metropolitan area export and import competition
This article estimates the extent to which the manufacturing sectors of U.S. metropolitan economies face competition from abroad and, in turn, how much they export overseas.
Journal Article
Commentary
This paper was presented at the conference "Policies to Promote Affordable Housing," cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy, February 7, 2002. It was part of Session 2: Affordable Housing and the Housing Market, and is a commentary on "Government regulation and changes in the affordable housing stock" by C. Tsuriel Somerville and Christopher J. Mayer.
Journal Article
Educational attainment and recovery from recessions across metropolitan areas
Metropolitan area business cycles vary considerably in both magnitude and duration. Some metro areas recover rapidly from downtowns, some take longer, and some never recover. Because recent recessions have involved employment changes at the North American Industrial Classification System (NAICS) supersector level that were both cyclical and structural, part of a metro area's recovery from a recession may include the process of workers adapting to new jobs in other industries. If worker adaptation is part of the recovery process, then metro areas with higher educational levels might be able to ...
Journal Article
From centralization to deconcentration: people and jobs spread out.
During the first half of the 20th century, people and jobs in the United States moved from rural to urban areas. After World War II, the U.S. saw other important shifts, including deconcentration - the movement of people and jobs from large, dense MSAs to small, less dense ones. This article looks at various aspects of deconcentration to see just how fast growth has been in less dense MSAs, whether trends for population and employment are the same, and whether the experience of MSAs in the frostbelt and sunbelt has been the same.
Journal Article
'Voting with your feet' and metro-area livability
Lists of the best places to live in the United States are as controversial and subjective as lists of Oscar nominees. A simple economic principle, though, can make the rankings much more objective and reflective of the average person's views.