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Journal Article
Estimating the Impact of Fast-Tracking Foreclosures in Ohio and Pennsylvania
All the signs in the housing market seem to be pointing the right way, except the amount of time loans are spending in the foreclosure process. Foreclosure fast-tracks for vacant homes in foreclosure may help reverse that trend.
Working Paper
The relationship between city center density and urban growth or decline
In this paper we contrast the spatial patterns of population density and other demographic changes in growing versus shrinking MSAs from 1980 to 2010. We fi nd that, on average, shrinking MSAs show the steepest drop in population density near the Central Business District (CBD). Motivated by this fact, we explore the connection between changes in population density at the core of the MSA and MSA productivity. We find that changes in near-CBD population density are positively associated with per capita income growth at the MSA-level.
Report
Has Bank Consolidation Changed People’s Access to a Full-Service Bank Branch?
The consolidation that took place in the banking industry during the 2000s and 2010s led to an increase in the total number of bank branches per institution and resulted in a larger number of branches to meet customers’ banking needs.
Monograph
Applying Research to Policy Issues in Distressed Housing Markets: Data-Driven Decision Making
A compilation of research published by the Federal Reserve Bank of Cleveland on housing markets experiencing foreclosure and/or a large number of vacant properties which sheds light on a wide range of housing markets. It provides possible policy solutions applicable to both regional and national policy discussions.
Report
Using Worker Flows to Assess the Stability of the Early Childcare and Education Workforce, 2010-2022
Turnover is a particular problem among childcare workers and less so among preschool and kindergarten teachers. In 2022, turnover in childcare work was about 65 percent higher than in a typical job, while attrition among preschool and kindergarten teachers was on par with the typical occupation.
Working Paper
Opioids and the Labor Market
This paper quantifies the relationship between local opioid prescription rates and labor market outcomes in the United States between 2006 and 2016. To understand this relationship at the national level, we assemble a data set that allows us both to include rural areas and to estimate the relationship at a disaggregated level. We control for geographic variation in both short-term and long-term economic conditions. In our preferred specification, a 10 percent higher local prescription rate is associated with a lower prime-age labor force participation rate of 0.53 percentage points for men ...
Discussion Paper
EXPLORING A SKILLS-BASED APPROACH TO OCCUPATIONAL MOBILITY
Our work is motivated by two concepts: first, that economic mobility could be improved by greater opportunities for occupational mobility, particularly out of lower-wage employment, and second, that a skills-based approach to occupational mobility could uncover potential transitions that may not be obvious when only considering more traditional qualifications such as years of directly relevant experience or higher levels of formal education.
Journal Article
The concentration of poverty within metropolitan areas
Not only has poverty recently increased in the United States, it has also become more concentrated. This Commentary documents changes in the concentration of poverty in metropolitan areas over the last decade. The analysis shows that the concentration of poverty tends to be highest in northern cities, and that wherever overall poverty or unemployment rates went up the most over the course of the decade, the concentration of poverty tended to increase there as well.
Journal Article
Population Distribution and Educational Attainment within MSAs, 1980–2010
Though most people in the US live in metropolitan areas, they?ve been choosing to live farther and farther from the center of those areas since the 1950s. While that trend continues to this day, there are some dramatic changes. The exodus from the center of town is slowing down quite a bit, for one. For another, those residents who now live in the central city are better educated than they used to be.
Journal Article
Population Distribution and Educational Attainment within MSAs, 1980-2010
Though most people in the US live in metropolitan areas, they've been choosing to live farther and farther from the center of those areas since the 1950s. While that trend continues to this day, there are some dramatic changes. The exodus from the center of town is slowing down quite a bit, for one. For another, those residents who now live in the central city are better educated than they used to be.