Jerry Carlino

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This paper investigates the relationship between metropolitan area growth, inequality, and segregation by income across neighborhoods. I propose a simple model based on the notion that rising income inequality creates housing market pressure leading to residential segregation by income. However, because different income groups live in different types of(More)
Historical anecdotes of new investors being drawn into a booming asset market, only to su↵er when the market turns, abound. While the role of investor contagion in asset bubbles has been explored extensively in the theoretical literature, causal empirical evidence on the topic is virtually non-existent. This paper studies the recent boom and bust in the(More)
www.phil.frb.org Business Review Q2 2004 7 www.phil.frb.org Rapid population growth in many metropolitan areas in the United States has made them economically viable locations for professional sports franchises such as those of Major League Baseball (MLB) or the National Football League (NFL). But since all four of the major sports leagues tightly control(More)
Although metropolitan areas account for less than 20 percent of the total land area in the United States, they contain almost 80 percent of the nation’s population and nearly 85 percent of its jobs. Put differently, the United States has, on average, 24 jobs per square mile, but metropolitan areas average about 124 jobs per square mile. This high degree of(More)