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Journal Article
The impact of demographic change on U. S. labor markets

According to U.S. Census Bureau projections, the United States will face dramatic demographic changes over the next one hundred years. The population is expected to grow more slowly but age more rapidly, with the share of the population over 65 climbing to a succession of new record highs. Additionally, the United States will once again become a nation of immigrants. Well over half of the increase in the U.S. population will be caused by the inflow of new immigrants and their children. And because the source of the immigrant inflow has shifted from Europe to Latin America and Asia, this new ...
New England Economic Review , Issue Q 1 , Pages 47 - 68

Summary of the Report on the Competitiveness of Puerto Rico's Economy

Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Speech , Paper 86

Economic overview: Queens and the region

Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Speech , Paper 47

The national and regional economic outlook

Remarks at Fordham University's Gabelli School of Business, Bronx, New York.
Speech , Paper 69

The national and regional economic outlook

Remarks before the Bronx Chamber of Commerce at the New York Botanical Garden, Bronx, New York.
Speech , Paper 68

Why did the average duration of unemployment become so much longer?

This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty years. First we analyze whether changes in the demographic composition of the U.S. labor force, particularly the age and gender composition, can explain this increase. We then consider the contribution of institutional changes, such as the change in the generosity and coverage of unemployment insurance. We find that changes in the composition of the labor force and institutional changes can only partially account for the longer duration of unemployment. We construct a job ...
Staff Reports , Paper 194

Subprime mortgage lending in New York City: prevalence and performance

Subprime mortgage lending expanded in New York City between 2004 and mid-2007, and delinquencies on these subprime loans have been rising sharply. We use a rich, loan-level data set of the city's outstanding subprime loans as of January 2009 to describe the main features of this lending and to model the performance of these loans. These subprime loans represent a smaller share of total housing units in the city than is true nationwide. In addition, they are found to be clustered in neighborhoods where average borrower credit quality is low and, unlike prime mortgage loans, where ...
Staff Reports , Paper 432

Productivity and the density of human capital

We estimate a model of urban productivity in which the agglomeration effect of density is enhanced by a metropolitan area's stock of human capital. Estimation accounts for potential biases due to the endogeneity of density and industrial composition effects. Using new information on output per worker for U.S. metropolitan areas along with a measure of density that accounts for the spatial distribution of population, we find that a doubling of density increases productivity by 2 to 4 percent. Consistent with theories of learning and knowledge spillovers in cities, we demonstrate that the ...
Staff Reports , Paper 440

The road to recovery: Brooklyn

Remarks by President Dudley at the Brooklyn Chamber of Commerce Brooklyn Borough Hall, Brooklyn, New York.
Speech , Paper 58

The national and regional economic outlook

Remarks at the University at Albany, Albany, New York.
Speech , Paper 70



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Dudley, William 6 items

Zavodny, Madeline 5 items

Poole, William 4 items

Wall, Howard J. 4 items

Yoo, Peter S. 4 items

Kolesnikova, Natalia A. 3 items

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