Wednesday, February 27, 2008

Shiny Rust Belt?

Worth a read:

Did The Rust Belt Become Shiny?: A Study of Cities and Counties That Lost Steel and Auto Jobs in the 1980s,” by James Feyrer, Bruce Sacerdote and Ariel Dora Stern in the 2007 Brookings-Wharton Papers on Urban Affairs

It confirms a lot of the stylized facts that are accepted facts about Pittsburgh's economic history. It may dispute a few others. But a key conclusion is:

the steel and auto shocks were among the largest and most concentrated episodes of job loss in recent U.S. history.
And I would venture a guess, that even within the set of hardest hit rust-belt regions, Pittsburgh was one of the more harder hit regions.... at least among larger regions and especially Beaver County.