A Silver Lining for Smaller Towns

Tom Barkin

Speech from Federal Reserve Bank of Richmond

Abstract: We’re used to thinking about the density of urban areas as a benefit: Lots of people means lots of employers and jobs, lots of restaurants, and plenty of things to do on the weekend. Conversely, we’re used to thinking about the distance in smaller towns as an obstacle: Fewer employers, fewer health care options, and less access to quality education and other amenities. As a result, a big story in recent decades has been the growth of bigger cities and the decline of many smaller towns.

Keywords: small; town; and; rural; communities (search for similar items in EconPapers)
Date: 2020-06-22
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