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Regional Research

The Regional and Microeconomics section of the Philadelphia Fed's Research Department produces a number of studies and articles that discuss the regional economy. The Third Federal Reserve District covers eastern Pennsylvania, southern New Jersey, and Delaware.

Business Review Articles

"The Geography of Research and Development Activity in the U.S." Kristy Buzard and Gerald A. Carlino (2008)
"Human Capital and Higher Education: How Does Our Region Fare?" Timothy Schiller (2008)
"A Pattern of Regional Differences in the Effects of Monetary Policy," Theodore M. Crone (2007)
"The Great Moderation in Economic Volatility: A View from the States," Gerald A. Carlino (2007)
“What a New Set of Indexes Tells Us About State and National Business Cycles,” Theodore M. Crone (2006)
“Is Technology Raising Demand for Skills, or Are Skills Raising Demand for Technology?” Ethan Lewis (2006)
"Housing: Boom or Bubble?" Timothy Schiller (2006)
"How Do Local Labor Markets in the U.S. Adjust to Immigration?" Ethan Lewis (2005)
“The Economic Role of Cities in the 21st Century,” Gerald A. Carlino (2005)
“After the Baby Boom: Population Trends and the Labor Force of the Future,” Timothy Schiller (2005)
"Should Cities Be Ready for Some Football? Assessing the Social Benefits of Hosting an NFL Team," Gerald A. Carlino and N. Edward Coulson (2004)
"What Test Scores Can and Cannot Tell Us about the Quality of Our Schools," Theodore M. Crone (2004)
"Sprawl: What's in a Name?" Timothy Schiller (2004)
"A Confluence of Events? Explaining Fluctuations in Local Employment,” Gerald A. Carlino (2003)
"Should Philadelphia's Suburbs Help Their Central City?" Robert Inman (2003)
"The Long and the Short of It: Recent Trends and Cycles in the Third District States," Theodore M. Crone (2003)
"Taking the Measure of Manufacturing," Timothy Schiller and Michael Trebing (2003)
"The Impact of Immigration on American Cities: An Introduction to the Issues," Albert Saiz (2003)
"The Changing Faces of the Third District: A Snapshot of the Region from the 2000 Census," Theodore M. Crone (2002)
"Housing Policy and the Social Benefits of Homeownership," N. Edward Coulson (2002)
"From Laboratory to Market: The Biotechnology Industry in the Third District," Timothy Schiller (2002)
"Rewiring the System: The Changing Structure of the Electric Power Industry," Timothy Schiller (2001)
"How Responsive Is the Demand for Residential Land to Changes in Its Price?" Richard Voith (2001)
"Knowledge Spillovers: Cities' Role in the New Economy," Gerald A. Carlino (2001)
“Agriculture in the Third District: Fertile Fields Outside the Farm Belt,” Timothy Schiller (2000)
“Has Suburbanization Diminished the Importance of Access to Center City?,” Richard Voith (2000)
“From Centralization to Deconcentration: People and Jobs Spread Out,” Gerald A. Carlino (2000)
“A New Look at Economic Indexes for the States in The Third District,” Theodore M. Crone (2000)

Regional Report Cards

A Philadelphia Report Card, January 2001
The Industrial Evolution: Two Decades of Change in the Philadelphia Metro Area's Economy, January 2002

Research Rap Special Reports

State Tax Revenue in the Third District, November 2008
Industry Concentration in Tri-State Metropolitan Areas, April 2008
Marking NBER Recessions with State Data, April 2008
Third District Housing Market Conditions, March 2008

Working Papers

08-28 Rents Have Been Rising, Not Falling, in the Postwar Period by Theodore Crone, Leonard I. Nakamura, and Richard Voith
08-22 City Beautiful by Gerald A. Carlino and Albert Saiz
08-13 Quits, Worker Recruitment, and Firm Growth: Theory and Evidence by R. Jason Faberman and Eva Nagypal
08-11 Job Flows, Jobless Recoveries, and the Great Moderation by R. Jason Faberman
07-28 "Innovation Across U.S. Industries: The Effects of Local Economic Characteristics," Gerald A. Carlino and Robert M. Hunt
07-25 "Innovation, Cities, and New Work," Jeffrey Lin
07-23 "Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities," Hoyt Bleakley and Jeffrey Lin
07-18 “The Relationship Between the Establishment Age Distribution and Urban Growth,” R. Jason Faberman
07-11 “The Long and Large Decline in State Employment Growth Volatility,” Gerald Carlino, Robert DeFina, and Keith Sill
06-22 “Immigration and the Neighborhood,” Albert Saiz and Susan Wachter
06-21 “Owning Versus Leasing: Do Courts Matter?,” Pablo Casas-Arce and Albert Saiz
06-15 “Capitalization of the Quality of Local Public Schools: What Do Home Buyers Value?,” Theodore M. Crone
06-14 “Urban Density and the Rate of Invention,” Gerald Carlino, Satyajit Chatterjee, and Robert Hunt
06-10 “Labor Supply and Personal Computer Adoption,” Mark Doms and Ethan Lewis
06-7 “The CPI for Rents: A Case of Understated Inflation,” Theodore M. Crone, Leonard I. Nakamura, and Richard Voith
05-8 "Immigration, Skill Mix, and the Choice of Technique," Ethan Lewis
05-1 "Schooling and the AFQT: Evidence from School Entry Laws," Elizabeth Cascio and Ethan Lewis
04-22 "Hedonic Estimates of the Cost of Housing Services: Rental and Owner-Occupied Units," Theodore M. Crone, Leonard I. Nakamura, and Richard P. Voith
04-21/R "On the Stability of Employment Growth: A Postwar View from the U.S. States," Gerald Carlino, Robert DeFina, and Keith Sill
04-12 "A Redefinition of Economic Regions in the U.S.," Theodore M. Crone
04-9 "Consistent Economic Indexes for the 50 States," Theodore M. Crone and Alan Clayton-Matthews
04-3 "How Did the Miami Labor Market Absorb the Mariel Immigrants?," Ethan Lewis
04-2 "The Rise of the Skilled City," Edward L. Glaeser and Albert Saiz
04-1 "Local Open Economies Within the U.S.: How Do Industries Respond to Immigration?," Ethan Lewis
03-23 "An Alternative Definition of Economic Regions in the U.S. Based on Similarities in State Business Cycles," Theodore M. Crone
03-18 "Postwar Period Changes in Employment Volatility: New Evidence from State/Industry Panel Data," Gerald Carlino, Robert DeFina, and Keith Sill
03-12 "Immigration and Housing Rents in American Cities," Albert Saiz
03-9 "Urban Decline and Housing Reinvestment: The Role of Construction Costs and the Supply Side," Joseph Gyourko and Albert Saiz
03-5 "How Strong Is Co-Movement in Employment Over the Business Cycle? Evidence from State/Industry Data," Gerald A. Carlino and Robert H. DeFina
02-17 "Democracy to the Road: The Political Economy of Potholes," Albert Saiz
02-16 "The Returns to Speaking a Second Language," Albert Saiz and Elena Zoido
02-14 "The Cyclical Behavior of State Employment During the Postwar Period," Gerald Carlino, Robert DeFina, and Keith Sill
02-12/R "Compensating Differentials and the Social Benefits of the NFL," Gerald Carlino and N. Edward Coulson
02-7/R "Consistent Economic Indexes for the 50 States," Theodore M. Crone
01-8 "Measuring American Rents: A Revisionist History," Theodore M. Crone, Leonard I. Nakamura, and Richard Voith
01-4 "Employment Deconcentration: A New Perspective on America's Postwar Urban Evolution," Gerald Carlino and Satyajit Chatterjee
00-12 "Capitalization of Federal Taxes, the Relative Price of Housing, and Urban Form: Density and Sorting Effects" Richard Voith and Joseph Gyourko
00-9 "Sectoral Shocks and Metropolitan Employment Growth," Gerald Carlino, Robert H. DeFina, and Keith Sill
00-8 "Regional Income Fluctuations: Common Trends and Common Cycles," Gerald Carlino and Keith Sill

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