#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...

#2006-056C "The Economic Performance of Cities: A Markov-Switching Approach"
by Michael T. Owyang, Jeremy M. Piger, Howard J. Wall, and Christopher H. Wheeler
October 2006
Revised January 2007

This paper examines the determinants of employment growth in metro areas. More...

PUBLISHED: Journal of Urban Economics, November 2008, 64(3), pp. 538-50

#2006-055A "Trends in the Distributions of Income and Human Capital within Metropolitan Areas: 1980-2000"
by Christopher H. Wheeler, and Elizabeth A. La Jeunesse
October 2006

Human capital tends to have significant external effects within local markets, increasing the average income of individuals within the same metropolitan area. More...

#2006-053A "Regional Business Cycle Phases in Japan"
by Howard J. Wall
September 2006

This paper uses a Markov-switching model with structural breaks to characterize and compare regional business cycles in Japan for 1976-2005. More...

PUBLISHED: Federal Reserve Bank of St. Louis Review, January/February 2007, 89(1), pp. 61-76

#2006-048C "Red Ink in the Rearview Mirror: Local Fiscal Conditions and the Issuance of Traffic Tickets"
by Thomas A. Garrett, and Gary A. Wagner
August 2006
Revised July 2007

Municipalities have revenue motives for enforcing traffic laws in addition to public safety motives because many traffic offenses are punished via fines and the issuing municipality often retains the revenue. More...

FORTHCOMING: Journal of Law and Economics

#2006-039B "Neighborhood Income Inequality"
by Christopher H. Wheeler, and Elizabeth A. La Jeunesse
June 2006
Revised February 2007

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. More...

FORTHCOMING: Journal of Regional Science

#2006-037B "Urban Decentralization and Income Inequality: Is Sprawl Associated with Rising Income Segregation Across Neighborhoods?"
by Christopher H. Wheeler
May 2006
Revised November 2006

Existing research has found an inverse relationship between urban density and the degree of income inequality within metropolitan areas, suggesting that, as cities spread out, they become increasingly segregated by income. More...

PUBLISHED: Federal Reserve Bank of St. Louis Regional Economic Development, October 2008, 4(1), pp. 41-57

#2006-026C "Spatial Hedonic Models of Airport Noise, Proximity, and Housing Prices"
by Jeffrey P. Cohen, and Cletus C. Coughlin
April 2006
Revised September 2007

Despite the refrain that housing prices are determined by “location, location, and location,” few studies of airport noise and housing prices have incorporated spatial econometric techniques. More...

PUBLISHED: Journal of Regional Science, December 2008, 48(5), pp. 859-78

#2006-018C "War and Pestilence as Labor Market Shocks: U.S. Manufacturing Wage Growth 1914-1919"
by Thomas A. Garrett
March 2006
Revised October 2007

This paper explores the effect of mortalities from the 1918 influenza pandemic and World War I on wage growth in the manufacturing sectors of U.S. states and cities from 1914 to 1919. More...

FORTHCOMING: Economic Inquiry

#2006-009A "The Impact of Local Predatory Lending Laws on the Flow of Subprime Credit"
by Giang Ho, and Anthony Pennington-Cross
February 2006

Local authorities in North Carolina, and subsequently in at least 23 other states, have enacted laws intending to reduce predatory and abusive lending. While there is substantial variation in the laws, they typically extend the coverage of the Federal Home Ownership and Equity Protection Act (HOEPA) by including home purchase and open end mortgage credit, by lowering annual percentage rate (APR) and fees and points triggers, and by prohibiting or restricting the use of balloon payments and prepayment penalties. More...

FORTHCOMING: Journal of Urban Economics