 The Faster Growth of Larger, Less Crowded LocationsEconomic Review, 2018, issue Q IV, 5-38 Abstract: Over the past few decades, the population and employment growth of small and large locations in the United States have diverged. Many smaller cities and rural areas saw declining population and employment from 2000 to 2017 as residents and jobs migrated to larger, more prosperous locations. This migration might suggest that the benefits of size, such as business productivity and urban amenities, have become greater over time. However, the migration might also reflect other factors, such as the disproportionate specialization of smaller locations in the declining manufacturing and agriculture sectors. {{p}} Jordan Rappaport documents the faster population and employment growth of medium and large metropolitan areas compared with smaller locations and finds growth is strongly positively correlated with population. Moreover, he finds that most of this correlation is driven by size itself rather than other characteristics. However, he also finds that this relationship breaks down for the largest metro areas. His results suggest that both the benefits and costs of size have increased over the past few decades. Keywords: Population; Employment; Metropolitan areas (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:fip:fedker:00071 Ordering information: This journal article can be ordered from DOI: 10.18651/ER/4q18Rappaport Access Statistics for this article More articles in Economic Review from Federal Reserve Bank of Kansas City Contact information at EDIRC. |
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