Determinants of Income Growth in Metropolitan and Nonmetropolitan Labor Markets

Hammond, George; Thompson, Eric C.

doi:10.1111/j.1467-8276.2008.01135.x

Cited by 21 publications

(31 citation statements)

References 35 publications

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“…We find a positive and significant correlation between initial educational attainment and income growth for both metropolitan and nonmetropolitan counties, similar to Hammond and Thompson (2008) and Higgins et al (2006). For nonmetropolitan counties, we find a positive and significant correlation for the unemployment rate for population and employment growth, which suggests that nonmetropolitan counties with greater labor market slack tend to grow faster.…”

Section: Resultssupporting

confidence: 60%

“…This is also important in order to avoid possible selection bias in the results and resulting policy implications. As Hammond and Thompson (2008) and Higgins et al (2006) have shown, the impact of growth determinants differs significantly across metropolitan and nonmetropolitan regions. Further, nonmetropolitan counties accounted for a significant share of the U.S. population in 2004 (at 16.9 percent, or 49.7 million residents, using the 1999 MSA designations from the federal Office of Management and Budget).…”

Section: Empirical Methods and Datamentioning

confidence: 92%

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The Impact of Local Decentralization on Economic Growth: Evidence From U.S. Counties*

Hammond

Tosun

2011

Journal of Regional Science

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. S. CountiesWe analyze the impact of fiscal decentralization on U.S. county population, employment, and real income growth. Our findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit and by economic indicator. We find that single-purpose governments per square mile have a positive impact on metropolitan population and employment growth, but no significant impact on nonmetropolitan counties. In contrast, the fragmentation of general-purpose governments per capita has a negative impact on employment and population growth in nonmetropolitan counties. Our results suggest that local government decentralization matters differently for metropolitan and nonmetropolitan counties.JEL Classification: E62, H7, R11

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Section: Resultssupporting

confidence: 60%

Section: Empirical Methods and Datamentioning

confidence: 92%

The Impact of Local Decentralization on Economic Growth: Evidence From U.S. Counties*

Hammond

Tosun

2011

Journal of Regional Science

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“…Harden and Hoyt () found their results to be sensitive to the omission of small states on the border with Canada. Hammond and Thompson () found differences between metropolitan and nonmetropolitan areas. Peltzman () assessed the sensitivity of border county results to county size and type of state boundary, finding modest quantitative differences.…”

Section: Recent Trends In the Literaturementioning

confidence: 99%

“…Exceptions of studies using external instruments include Brown et al . (), Agostini (), Hammond and Thompson (), and Yu and Rickman (). Agostini () used dummy variables for statutory and constitutional budget limits as instruments.…”

Section: Recent Trends In the Literaturementioning

confidence: 99%

U.S. State and Local Fiscal Policy and Economic Activity: Do We Know More Now?

Rickman

Wang

2019

Journal of Economic Surveys

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Early reviews of the academic literature on the economic effects of state and local taxes and expenditures suggested that not enough was known upon which to base policy. The reviews called for better data and improvements in empirical methodology. This paper reviews studies conducted since the early literature reviews to assess our current state of knowledge. The conclusion of the study is that we know more now. But our knowledge is unlikely to ever be sufficient to provide universal policy guidance. Rather, we suggest that more research is needed on specific state and local policies for specific circumstances, consistent with the general principles that guide place‐based policy.

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“…(2007) found that increased local tax burdens had a negative impact on income growth in Midwest rural counties, as did state personal and corporate income taxes. Hammond and Thompson (2008) found that human capital investment increased per capita income growth in US non‐metropolitan labour market areas, while public infrastructure investment did not. Huang et al.…”

Section: Introductionmentioning

confidence: 99%

US state and local fiscal policies and non‐metropolitan area economic performance: A spatial equilibrium analysis

Yu¹,

Rickman²

2013

Papers in Regional Science

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Abstract. Faced with declining economic bases, many nonmetropolitan areas increasingly have become concerned about their future economic viability. A crucial dimension of this concern is the balancing of the need to be cost-competitive in terms of lower taxes against the need for provision of valued government services. Using a spatial equilibrium framework, this study econometrically examines the nexus between U.S. state and local fiscal policies and nonmetropolitan county growth in earnings and housing rents during the 1990s. The results suggest that state and local fiscal characteristics were important location determinants. Some characteristics could be clearly identified as having dominant firm profit effects while numerous others were identified as having household amenity effects. In addition, fiscal policies appeared to be more important for economic growth of nonmetropolitan counties which were remote from metropolitan areas than they were for counties adjacent to metropolitan areas.

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Determinants of Income Growth in Metropolitan and Nonmetropolitan Labor Markets

Cited by 21 publications

References 35 publications

The Impact of Local Decentralization on Economic Growth: Evidence From U.S. Counties*

The Impact of Local Decentralization on Economic Growth: Evidence From U.S. Counties*

U.S. State and Local Fiscal Policy and Economic Activity: Do We Know More Now?

US state and local fiscal policies and non‐metropolitan area economic performance: A spatial equilibrium analysis

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