Search Results
Journal Article
Employment trends vary in three of Missouri's metro areas
Journal Article
Employment growth slows in the Eighth District
Working Paper
Trends in the distributions of income and human capital within metropolitan areas: 1980-2000
Human capital tends to have significant external effects within local markets, increasing the average income of individuals within the same metropolitan area. However, evidence on both human capital spillovers and peer effects in neighborhoods suggests that these effects may be confined to relatively small areas. Hence, the distribution of income gains from average levels of human capital should depend on how that human capital is distributed throughout a city. This paper explores this issue by documenting the extent to which college graduates are residentially segregated across more than ...
Working Paper
Neighborhood income inequality
This paper offers a descriptive empirical analysis of the geographic pattern of income inequality within a sample of 359 US metropolitan areas between 1980 and 2000. Specifically, we decompose the variance of metropolitan area-level household income into two parts: one associated with the degree of variation among household incomes within neighborhoods - defined by block groups and tracts - and the other associated with the extent of variation among households in different neighborhoods. Consistent with previous work, the results reveal that the vast majority of a city?s overall income ...
Journal Article
Bubbling (or just frothy) house prices?
Journal Article
Cross-country personal saving rates
Newsletter
The U.S. personal saving rate
This month's newsletter focuses on the low and declining U.S. personal saving rate. As measured by the Bureau of Economic Analysis (BEA), the U.S. personal saving rate fell into negative territory during the third quarter of 2005 and has remained close to zero since then.
Journal Article
The decline in the U.S. personal saving rate: is it real and is it a puzzle?
Since the mid-1990s, the national income and product accounts personal saving rate for the United States has been trending down, dropping into negative territory for three months during the past two years. This paper examines measurement problems surrounding two of the standard definitions of the personal saving rate. The authors conclude that, despite these measurement problems, the recent decline of the U.S. personal saving rate to low levels seems to be a real economic phenomenon and may be a cause for concern for several reasons. After examining several possible explanations for the trend ...