Wealth Generation in Metropolitan America: FIRE as Savior?

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Keith G. Debbage, Professor (Creator)
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: The current restructuring of the American economy from goods producing industry to service providing industry has been a focus of concern for many social scientists. While some argue in favor of the rapidly expanding service sector, pointing out that growth in services creates employment and generates income, others emphasize that many service sector jobs pay considerably less than comparable manufacturing sector jobs, which continue to be lost in many metropolitan areas. The Finance, Insurance and Real Estate (F.I.R .E.) industry in particular, is a branch of the service sector that is often associated with the generation of affluence and productivity. This paper examines the importance of the F.I.R.E. industry in 57 Primary Metropolitan Statistical Areas and 3 New England County Metropolitan Areas, and discusses how agglomeration in this industry mayor may not be related to per capita income in these Metropolitan Areas

Additional Information

Language: English
Date: 1998
finance industry, metropolitan areas, earnings, economic geography, economics, wealth generation, geography

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