Do Anchor Institutions Support Regional Economic Resiliency? Evidence from Penn State University
Universities and hospitals, as anchor institutions, significantly contribute to local economies by providing jobs and services. But what happens in downturns? This study analyzes the economic performance of State College, PA, during three recessions.
Featured Work
Occupational Exposure to Generative Artificial Intelligence in the Third Federal Reserve District
This report examines the occupations that are most exposed to artificial intelligence, the characteristics of these occupations, and how concentrated these AI-exposed jobs are across metropolitan areas of the Third District.
Opportunity in Infrastructure: An Examination of Infrastructure Occupations Across Third District States
This report examines infrastructure occupations in the Third District states of Delaware, New Jersey, and Pennsylvania.
Article
Surveying Mobility
Economic Insights — A pilot study of the Philadelphia Fed's new Survey of Economic Mobility shows how health and transportation access affect individuals' employment.
Featured Data
Anchor Economy Dashboard
Explore the economic impact of anchor institutions in 524 regions across the U.S. The reliance index demonstrates how dependent regional economies are on these institutions and provides a measure of the national average.
Updated: 06 May ’24
Occupational Mobility Explorer
This interactive tool sheds light on career pathways in the U.S. labor market. The tool allows users to explore career paths and visualize how job skills needed for specific occupations can transfer to higher-paying occupations in the same geographical area.
Updated: 23 Sep ’24