Search Results
Working Paper
The Local Origins of Business Formation
Dinlersoz, Emin M.; Dunne, Timothy; Haltiwanger, John; Penciakova, Veronika
(2023-08-02)
What locations generate more business ideas, and where are ideas more likely to turn into businesses? Using comprehensive administrative data on business applications, we analyze the spatial disparity in the creation of business ideas and the formation of new employer startups from these ideas. Startups per capita exhibit enormous variation across granular units of geography. We decompose this variation into variation in ideas per capita and in their rate of transition to startups, and we find that both components matter. Observable local demographic, economic, financial, and business ...
FRB Atlanta Working Paper
, Paper 2023-9
Working Paper
The Geography of Business Dynamism and Skill Biased Technical Change
Rubinton, Hannah
(2021-02-26)
This paper seeks to explain several key components of the growing regional disparities in the U.S. since 1980: big cities saw a larger increase in the relative wages and relative supply of skilled workers, and a smaller decline in business dynamism. These trends can be explained by differences across cities in the extent to which firms adopt new skill-biased technologies. With the introduction of a new skill-biased, high fixed cost but low marginal cost technology, firms endogenously adopt more in big cities, cities that offer abundant amenities for high-skilled workers and cities that ...
Working Papers
, Paper 2020-020
Working Paper
The Pitfalls of Using Location Quotients to Identify Clusters and Represent Industry Specialization in Small Regions
Pominova, Mariya; Gabe, Todd M.; Crawley, Andrew
(2021-09-10)
This paper examines the use of location quotients, a measure of regional business activity relative to the national benchmark, as an indicator of sectoral agglomeration in small cities and towns, and as a measure of industry specialization that might impact the number of new business startups in these places. Using establishment-level data on businesses located in Maine, our findings suggest that the addition of one "hypothetical" establishment in very small towns leads to a dramatic change in the magnitude of the region-industry location quotient. At population sizes of about 4,100 or more ...
International Finance Discussion Papers
, Paper 1329
Working Paper
Shrinking Networks: A Spatial Analysis of Bank Branch Closures
Tranfaglia, Anna
(2018-03-20)
As more consumers take advantage of online banking services, branch networks are declining across the country. Limited attention has been given to identifying any possible spatial patterns of branch closures and, more importantly, the community demographics where branches close their doors. This analysis uses an innovative spatial statistics concept to study financial services: Using data from 2010 to 2016, a random labelling test is conducted to understand branch closure clustering in the Philadelphia, Chicago, and Baltimore metropolitan statistical areas (MSAs). Additionally, spatial ...
Working Papers
, Paper 18-12
Journal Article
Why Are Some Places So Much More Unequal Than Others?
Abel, Jaison R.; Deitz, Richard
(2019-12)
This study examines the magnitude and sources of regional wage inequality in the United States. The authors find that, as in the nation as a whole, wage inequality has increased in nearly every metropolitan area since the early 1980s, though there is significant variation among places in both the degree of wage inequality and the pace at which it has risen. The most unequal places tend to be large urban areas that have benefited from strong demand for skill and agglomeration economies, with these factors leading to particularly rapid wage growth for high-skilled workers. The least unequal ...
Economic Policy Review
, Volume 25
, Issue Dec
Working Paper
Opioids and the Labor Market
Schweitzer, Mark E.; Fee, Kyle; Aliprantis, Dionissi
(2019-03-01)
This paper studies the relationship between local opioid prescription rates and labor market outcomes. We improve the joint measurement of labor market outcomes and prescription rates in the rural areas where nearly 30 percent of the US population lives. We find that increasing the local prescription rate by 10 percent decreases the prime-age employment rate by 0.50 percentage points for men and 0.17 percentage points for women. This effect is larger for white men with less than a BA (0.70 percentage points) and largest for minority men with less than a BA (1.01 percentage points). Geography ...
Working Papers
, Paper 18-07R
Working Paper
The Agglomeration of American Research and Development Labs
Carlino, Gerald A.; Smith, Tony E.; Carr, Jake; Hunt, Robert M.; Buzard, Kristy
(2017-07-18)
We employ a unique data set to examine the spatial clustering of about 1,700 private research and development (R&D) labs in California and across the Northeast corridor of the United States. Using these data, which contain the R&D labs? complete addresses, we are able to more precisely locate innovative activity than with patent data, which only contain zip codes for inventors? residential addresses. We avoid the problems of scale and borders associated with using fixed spatial boundaries, such as zip codes, by developing a new point pattern procedure. Our multiscale core-cluster approach ...
Working Papers
, Paper 17-18
Working Paper
The geography of wealth: shocks, mobility, and precautionary savings
Dvorkin, Maximiliano; Greaney, Brian
(2024-09-30)
The spatial distribution of wealth in the United States is very heterogeneous, with important differences within and across US states. We study the distribution of wealth in a country and how it is shaped by the characteristics earnings across regions, and by the frictions individuals face to move and reallocate across space. For this, we develop a tractable model of consumption, savings, and location choice with many regions, incomplete markets, and heterogeneous agents facing persistent and transitory income shocks. Our analysis focuses on the role of income shocks, precautionary savings, ...
Working Papers
, Paper 2024-033
Working Paper
Creative Destruction and the Reallocation of Capital in Rural and Urban Areas
Brown, Jason; Lambert, Dayton
(2024-10-22)
We test the implications of Schumpeter’s theory of creative destruction on food manufacturer births and deaths using a dynamic, unobserved effects count model with correlated random effects. We find evidence of a creative destruction process via the interaction of previous firm birth and death, which is correlated with higher rates of contemporaneous firm birth and death in a given location. Results support Marshall’s notion of “something is in the air,” as evidenced by the strong correlation between sources of unobserved heterogeneity in the birth and death processes. Consistent with ...
Research Working Paper
, Paper RWP 24-11
Working Paper
Estimating Border Effects: The Impact of Spatial Aggregation
Novy, Dennis; Coughlin, Cletus C.
(2016-04-01)
Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which symmetric micro regions are aggregated into macro regions. We then apply the model to the large literature on border effects in domestic and international trade. Our theory shows that aggregation leads to border effect heterogeneity. Larger regions or countries are systematically associated with smaller border effects. The reason is that due to spatial ...
Working Papers
, Paper 2016-6
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of St. Louis 14 items
Federal Reserve Bank of Philadelphia 13 items
Federal Reserve Bank of Kansas City 7 items
Federal Reserve Bank of Minneapolis 7 items
Federal Reserve Bank of New York 7 items
Federal Reserve Bank of Atlanta 6 items
Board of Governors of the Federal Reserve System (U.S.) 5 items
Federal Reserve Bank of Cleveland 5 items
Federal Reserve Bank of Dallas 5 items
Federal Reserve Bank of Chicago 3 items
Federal Reserve Bank of Richmond 1 items
Federal Reserve Bank of San Francisco 1 items
show more (7)
show less
FILTER BY Series
Working Papers 30 items
Research Working Paper 7 items
Opportunity and Inclusive Growth Institute Working Papers 6 items
FRB Atlanta Working Paper 5 items
Staff Reports 5 items
Working Paper Series 4 items
Finance and Economics Discussion Series 3 items
Globalization Institute Working Papers 3 items
Economic Policy Review 2 items
International Finance Discussion Papers 2 items
Review 2 items
Working Papers (Old Series) 2 items
Consumer Finance Institute discussion papers 1 items
Policy Hub 1 items
Working Paper 1 items
show more (10)
show less
FILTER BY Content Type
FILTER BY Author
Rubinton, Hannah 8 items
Buzard, Kristy 5 items
Carlino, Gerald A. 5 items
Carr, Jake 5 items
Hunt, Robert M. 5 items
Rappaport, Jordan 5 items
Smith, Tony E. 5 items
Abel, Jaison R. 4 items
Aliprantis, Dionissi 4 items
Eckert, Fabian 4 items
Schweitzer, Mark E. 4 items
Choi, Chi-Young 3 items
Dvorkin, Maximiliano 3 items
Fee, Kyle 3 items
Fuchs, Simon 3 items
Gabe, Todd M. 3 items
Porcher, Charly 3 items
Santamaría, Clara 3 items
Walsh, Conor 3 items
Atalay, Enghin 2 items
Brown, Jason 2 items
Chudik, Alexander 2 items
Coughlin, Cletus C. 2 items
Deitz, Richard 2 items
Dinlersoz, Emin M. 2 items
Dunne, Timothy 2 items
Foong Wong, Woan 2 items
Ganapati, Sharat 2 items
Greaney, Brian 2 items
Haltiwanger, John 2 items
Hartley, Daniel 2 items
Karahan, Fatih 2 items
Lin, Jeffrey 2 items
Penciakova, Veronika 2 items
Rhee, Serena 2 items
Rossi-Hansberg, Esteban 2 items
Sarte, Pierre-Daniel G. 2 items
Althoff, Lukas 1 items
Autor, David H. 1 items
Bleakley, Hoyt 1 items
Brennecke, Claire 1 items
Brinkman, Jeffrey 1 items
Caliendo, Lorenzo 1 items
Choi, Horag 1 items
Choi, Taelim 1 items
Crawley, Andrew 1 items
Cuberes, David 1 items
Desmet, Klaus 1 items
Dingel, Jonathan 1 items
Dorn, David 1 items
Duranton, Gilles 1 items
Faberman, R. Jason 1 items
Falcettoni, Elena 1 items
Fries, Charles 1 items
Ganguli, Ina 1 items
Garcia, Daniel I. 1 items
Goldman, Benjamin 1 items
Gottlieb, Joshua D. 1 items
Gourio, Francois 1 items
Handbury, Jessie 1 items
Hanson, Gordon 1 items
Hejlesen, Mads 1 items
Hershbein, Brad 1 items
Hortacsu, Ali 1 items
Humann, McKenzie 1 items
Imbert, Clément 1 items
Jacewitz, Stefan 1 items
Jones, Maggie R. 1 items
Kaplan, Greg 1 items
Kaza, Nikhil 1 items
Kilian, Lutz 1 items
Kleineberg, Tatjana 1 items
Klier, Thomas H. 1 items
Lambert, Dayton 1 items
Lester, T. William 1 items
Liu, Sitian 1 items
Lozinski, Maya 1 items
Majerovitz, Jeremy 1 items
Maloney, Maeve 1 items
Monras, Joan 1 items
Mourot, Pauline 1 items
Novy, Dennis 1 items
Parro, Fernando 1 items
Pogach, Jonathan 1 items
Pominova, Mariya 1 items
Robertson, John C. 1 items
Runyun, Mustafa 1 items
Rupasingha, Anil 1 items
Santucci, Larry 1 items
Sastry, Karthik 1 items
Schuetz, Jenny 1 items
Schulhofer-Wohl, Sam 1 items
Seror, Marlon 1 items
Setzler, Bradley 1 items
Shell, Hannah 1 items
Smallwood, Aaron 1 items
Smalter Hall, Aaron 1 items
Sotelo, Sebastian 1 items
Stolarick, Kevin 1 items
Stuart, Bryan 1 items
Su, Yichen 1 items
Syverson, Chad 1 items
Tannenbaum, Daniel 1 items
Trachter, Nicholas 1 items
Tranfaglia, Anna 1 items
Ulu, Mehmet Faith 1 items
Walstrum, Thomas 1 items
Zhou, Xiaoqing 1 items
Zylberberg, Yanos 1 items
reynolds, nicholas 1 items
show more (105)
show less
FILTER BY Jel Classification
R23 12 items
J61 9 items
O33 8 items
J22 7 items
J24 7 items
R11 7 items
F16 6 items
J31 5 items
O31 5 items
F10 4 items
F11 4 items
I10 4 items
J28 4 items
R31 4 items
E21 3 items
F12 3 items
F14 3 items
F15 3 items
R21 3 items
R41 3 items
C21 2 items
D83 2 items
E23 2 items
E24 2 items
E31 2 items
G21 2 items
J11 2 items
J15 2 items
J20 2 items
J21 2 items
J23 2 items
L26 2 items
O10 2 items
O18 2 items
R13 2 items
R14 2 items
R32 2 items
R42 2 items
C12 1 items
C18 1 items
C22 1 items
C23 1 items
C26 1 items
C35 1 items
C45 1 items
D21 1 items
D5 1 items
D57 1 items
E32 1 items
E62 1 items
F43 1 items
G10 1 items
G34 1 items
H12 1 items
H25 1 items
H50 1 items
I11 1 items
I12 1 items
I13 1 items
I18 1 items
I24 1 items
I28 1 items
J16 1 items
J38 1 items
J62 1 items
J64 1 items
K11 1 items
K25 1 items
L11 1 items
L16 1 items
L25 1 items
L6 1 items
L60 1 items
L62 1 items
L81 1 items
N14 1 items
N72 1 items
N9 1 items
N90 1 items
N93 1 items
O15 1 items
O30 1 items
O40 1 items
O47 1 items
Q33 1 items
Q43 1 items
Q54 1 items
R10 1 items
R2 1 items
R28 1 items
R30 1 items
R4 1 items
show more (88)
show less
FILTER BY Keywords
economic geography 6 items
geographic concentration 5 items
spatial equilibrium 5 items
Great Recession 4 items
Labor Force Participation 4 items
Opioid Abuse 4 items
Opioid Prescription Rate 4 items
R&D labs 4 items
spatial clustering 4 items
City-size wage premium 3 items
Economic Geography 3 items
Establishment-size wage premium 3 items
Skill Biased Technical Change 3 items
Technology Adoption 3 items
inequality 3 items
localized knowledge spillovers 3 items
occupations 3 items
patent citations 3 items
Agglomeration 2 items
Commuting 2 items
Philadelphia 2 items
Regional labor markets 2 items
Rural 2 items
Technological change 2 items
business dynamism 2 items
business formation 2 items
entrepreneurship 2 items
firm entry 2 items
infrastructure investments 2 items
knowledge spillovers 2 items
labor mobility 2 items
migration 2 items
mobility 2 items
multimodal transport 2 items
precautionary savings 2 items
race 2 items
skill biased technical change 2 items
technology adoption 2 items
wealth 2 items
Adaptation 1 items
Agglomeration Economies 1 items
Agglomeration economies 1 items
Amenities 1 items
Baltimore 1 items
Banks and banking 1 items
Bartik instrument 1 items
Big Box stores 1 items
Borders 1 items
COVID 1 items
COVID-19 1 items
Canada 1 items
Chicago 1 items
China trade shock 1 items
Cities 1 items
City Growth 1 items
City and Suburban Employment 1 items
City size 1 items
Climate Change 1 items
Community banking 1 items
Congestion 1 items
Consolidation 1 items
Diversity 1 items
Economic geography 1 items
Education reform 1 items
Employment density 1 items
Equality of opportunity 1 items
Fee-for-service 1 items
GIS 1 items
Gender wage gap 1 items
Geography 1 items
Gravity 1 items
Gross flows 1 items
Healthcare access 1 items
Heterogeneity 1 items
High-skill services 1 items
Home Bias 1 items
House price 1 items
Housing Boom 1 items
Income 1 items
Industrial Cluster 1 items
Inequality 1 items
Information technology 1 items
Intergenerational mobility 1 items
Interregional trade 1 items
Interstate migration 1 items
Labor mobility 1 items
Land use 1 items
Learning 1 items
Leisure 1 items
Local Labor Markets 1 items
Local labor markets 1 items
Localized knowledge spillovers 1 items
Location Quotient 1 items
Locational fundamentals 1 items
Manufacturing decline 1 items
Market-size effects 1 items
Medicare 1 items
Medicare claims data 1 items
Metro Areas 1 items
Metropolitan Areas 1 items
Metropolitan land use 1 items
Metropolitan size 1 items
Modifiable Areal Unit Problem (MAUP) 1 items
Mortgage 1 items
Multiple equilibria 1 items
NETS data 1 items
Path dependence 1 items
Primary care physicians 1 items
Production 1 items
Property Investors 1 items
R&D 1 items
Reallocation 1 items
Regional Economics 1 items
Relationship lending 1 items
Remote work 1 items
Resettlement 1 items
Retail location 1 items
School access 1 items
Second Home Buying 1 items
Self-driving cards 1 items
Skill biased 1 items
Skilled labor 1 items
Skills 1 items
Spatial Attenuation 1 items
Spatial Changes 1 items
Spatial Economics 1 items
Spatial clustering 1 items
Spatial economics 1 items
Specialists 1 items
Specialty procedures 1 items
Speculation 1 items
Supply 1 items
Temperature 1 items
Time use 1 items
Trade Costs 1 items
Trade and geography 1 items
Trade in services 1 items
U.S. cities 1 items
United States 1840-2017 1 items
Urban 1 items
Urban Labor Markets 1 items
Urban Land Use 1 items
Urban Shadows 1 items
Urban Systems 1 items
Urban growth 1 items
Value of Time 1 items
Wage differentials 1 items
Wage inequality 1 items
Wages 1 items
agglomeration 1 items
agglomeration effects 1 items
applied econometrics 1 items
automobiles 1 items
birth rates 1 items
bottlenecks 1 items
branch closures 1 items
business dynamics 1 items
central business districts 1 items
cities 1 items
coagglomeration 1 items
commuting 1 items
creative destruction 1 items
credit supply 1 items
death rates 1 items
disruptions 1 items
earnings 1 items
employment 1 items
endogenous transport costs 1 items
exclusionary zoning 1 items
expectations 1 items
factor mobility 1 items
firm age 1 items
firm size 1 items
gains from trade 1 items
geographical reallocation 1 items
globalization 1 items
government transfers 1 items
gross domestic product 1 items
high-growth firms 1 items
house prices 1 items
housing bust 1 items
human capital 1 items
industry 1 items
infection rates 1 items
innovation 1 items
interferences 1 items
intersectoral linkages 1 items
interstate migration 1 items
investment 1 items
job creation 1 items
job polarization 1 items
joblessness 1 items
labor force participation 1 items
labor market pooling 1 items
labor markets 1 items
local concentration 1 items
local labor markets 1 items
location 1 items
manufacturing industries 1 items
marked point process 1 items
monocentric model 1 items
multiple invention 1 items
national product-market concentration 1 items
oil price 1 items
organizational structure 1 items
patents 1 items
persistence 1 items
place-based policies 1 items
population aging 1 items
property 1 items
racially restrictive covenants 1 items
random labelling test 1 items
recessions 1 items
redistribution 1 items
regional data 1 items
regional divergence 1 items
regional heterogeneity 1 items
regional propagation 1 items
remittances 1 items
resource boom 1 items
safety net 1 items
sectoral reallocation 1 items
segregation 1 items
shift-share instruments 1 items
skills 1 items
social interaction 1 items
spatial autocorrelation 1 items
spatial competition 1 items
spatial distribution of jobs 1 items
technological change 1 items
time variation 1 items
total factor productivity 1 items
transport network 1 items
unemployment 1 items
urban-rural 1 items
worker mobility 1 items
show more (231)
show less