Demography

North Dakota’s economic performance and success is not news anymore. Well, alright, its news, but most people know about it. I have given interviews to media outlets around the country and the world about it, as have many others. So it is not a secret. So if there was an economic motive to migration, and there often is, people already know about it. Here is a graph of ND population change, migration in, and migration out. I calculate migration out as┬áthe difference between migration in and total population change.

Continue reading North Dakota: Migration in & Migration out

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Anybody that knows me is aware of the importance I place on population metrics in the sphere of economics. We do not get demand without people. Supply does not just miraculously appear, people work and make goods and services. So it is not overstatement when I say there are fundamental ways that people matter for economic outcomes. Every so often though, we go into an odd place. I recently attended a presentation by a Chief Economist for a mutual fund company and he showed a graph qualitatively similar to the following,

Continue reading Population and markets

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The Census Bureau released a paper (citation below, link here) attempting a correction of sorts for the poverty level in counties and cities with a university. Specifically, the paper looks at the poverty rates with and without college students living without their families and off campus. What they find is a significant difference for some communities. That is, for some of the communities, when you exclude these students you get a significantly lower poverty rate. This is not too surprising really when you consider the rationale for many attending college is to increase their lifetime income. Continue reading College Students & Local Area Poverty Rates

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