Airport area planning founders on the lack of a basis for realistic projections of future employment. Using a commercial establishment database including detailed data on location, activities (sector), establishment type, and employment for the 62 airports with scheduled passenger service in the...

Secretary of Transportation Pete Buttigieg’s proposal to make the United States a “world leader” in high‐​speed rail would add more than $4 trillion to the federal debt for construction of new rail lines plus tens of billions of dollars of annual deficit spending to subsidize operating...

We investigate the relation between large negative house price co-movements in the cross-section of US cities and the national business cycle. The occurrences of large negative house price co-movements across cities cluster over time and these clusters are closely linked to NBER recession dates....

This paper examines the housing affordability conditions of the low and moderate income rental households in the United States between 1980 and 2010. Using Integrated Public Use Census Microdata Samples (IPUMS) 5% sample data, we create income and rent distribution for households separately for...

This paper introduces a model which identifies the economic activity of each local economy (location) and observes the time distance between each pair of locations as well as the average time distance between sub locations in each local economy. The study focuses on five categories of firms:...

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...

I draw primarily on two recent works to describe recent and ongoing changes in the business environment and in the structure of U.S. companies. Based on these changes, I describe what I see as action implications for executives and scientists, especially organization scientists. The...