Discussion Paper
Are College Towns Recession Proof?
Abstract: Research universities bring a variety of benefits to their surrounding communities such as a supply of highly skilled graduates, innovation via research and development activities, and a large stable employer. But do research universities make their communities resilient to economic downturns? In a recent working paper, we attempt to answer this question by examining the unemployment rates for counties containing state flagship universities over the past three national recessions.
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https://www.richmondfed.org/region_communities/regional_data_analysis/regional_matters/2024/rm_09_19_24_are_college_towns_recession_proof
Description: Discussion Paper
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Provider: Federal Reserve Bank of Richmond
Part of Series: Regional Matters
Publication Date: 2024-09-19