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Neighborhoods That Don't Work
- Article from:
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Regional Economist
- Article date:
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April 1, 2008
- Author:
- Rodean, Allison K; Wheeler, Christopher H
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Copyright informationCopyright Federal Reserve Bank of St. Louis Apr 2008. Provided by ProQuest LLC. (Hide copyright information)
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Within any metropolitan area in the United States, there are vast differences in the economic well-being of individuals residing in different neighborhoods. Some areas tend to be populated by individuals with high incomes and levels of education; others, by those who are substantially less well-off.
Unemployment also varies substantially from one residential area to another. For instance, among the 6,100 "block groups" (neighborhoods consisting of approximately 500 households and 0.33 square miles of land, on average) that make up the St. Louis metropolitan area, the unemployment rate in the year 2000 ranged from 0 percent in one neighborhood to 100 percent in another.
Although it is hardly ...