Let's Talk Shop
Related work:
Related work description:
Change is afoot. From where American consumers shop to their willingness to buy houses and cars, the marketplace is different than it was when the recession officially ended in 2009.
EC 201908 Population Migration and Generations in Urban Neighborhoods
The number of people living in urban neighborhoods has been rising in recent decades. This Commentary investigates changes in the number, ages, and financial status of those who have been moving into and out of urban neighborhoods, using data from the Federal Reserve Bank of New York/Equifax Consumer Credit Panel. I find that since 2000, the increase in urban populations is the result of young adults migrating into urban neighborhoods and senior citizens aging in place. Urban populations have also become more educated and well to do. While declining urban neighborhoods may still outnumber growing urban neighborhoods within some regions, urban leaders there can work toward population or tax base growth knowing that consumer tastes and national trends are favorable to those goals. Read More