#2008-002A "Convergence in the United States: A Tale of Migration and Urbanization"
by Riccardo DiCecio, and Charles S. Gascon
January 2008

We use non-parametric distribution dynamics techniques to reassess the convergence of per capita personal income (PCPI) across U.S. states and across metropolitan and nonmetropolitan portions of states for the period 1969-2005. More...

#2007-050A "States and the Business Cycle"
by Michael T. Owyang, David E. Rapach, and Howard J. Wall
November 2007

We model the U.S. business cycle using a dynamic factor model that identifies common factors underlying fluctuations in state-level income and employment growth. More...

#2007-046B "Urban Crime and Labor Mobility"
by Subhayu Bandyopadhyay, Santiago Pinto, and Christopher H. Wheeler
October 2007
Revised March 2008

We present a model of crime where two municipalities exist within a metropolitan statistical area (MSA). More...

#2007-045C "Human Capital Externalities and Adult Mortality in the U.S."
by Christopher H. Wheeler
October 2007
Revised January 2008

Human capital is now widely recognized to confer numerous benefits, including higher incomes, lower incidence of unemployment, and better health, to those who invest in it. More...

#2007-043C "Why Do So Few Women Work in New York (and So Many in Minneapolis)? Labor Supply of Married Women Across U.S. Cities"
by Dan Black, Natalia Kolesnikova, and Lowell J. Taylor
October 2007
Revised May 2008

This paper documents two related little-noticed features of U.S. labor markets: (1) that there is currently substantial variation in the labor market participation rates and annual work hours of married women across cities, and (2) that the dramatic increase in married women's labor supply over the past 60 years has varied substantially across cities in timing and magnitude. More...

#2007-010B "Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach"
by Michelle T. Armesto, Rubén Hernández-Murillo, Michael T. Owyang, and Jeremy M. Piger
March 2007
Revised May 2008

Studies of the predictive ability of the Federal Reserve's Beige Book, an anecdotal measure of regional economic conditions, for aggregate output and employment have proven inconclusive. More...

#2007-004A "The Perils of Globalization: Offshoring and Economic Insecurity of the American Worker"
by Richard G. Anderson, and Charles S. Gascon
February 2007

According to polls from the 2006 congressional elections, globalization and economic insecurity were the primary concerns of many voters. More...

#2007-003D "A State-Level Analysis of the Great Moderation"
by Michael T. Owyang, Jeremy M. Piger, and Howard J. Wall
February 2007
Revised May 2008

A number of studies have documented a reduction in aggregate macroeconomic volatility beginning in the early 1980s, i.e., the “Great Moderation.” More...

FORTHCOMING: Regional Science and Urban Economics

#2006-058C "Strategic Online-Banking Adoption"
by Roberto Fuentes, Rubén Hernández-Murillo, and Gerard Llobet
October 2006
Revised January 2008

In this paper we study the determinants of banks’ decision to adopt a transactional website for their customers. More...

#2006-057A "Controlling for Geographic Dispersion When Estimating the Japanese Phillips Curve"
by Hiroshi Fujiki, and Howard J. Wall
October 2006

This paper argues that estimation of the Phillips curve for Japan should take account of the geographic dispersion of labor-market conditions. More...