Institute for Spatial Economic Analysis
The School of Business Institute for Spatial Economic Analysis (ISEA) has been in the spotlight this summer.
Director Johannes Moenius was one of the featured speakers at the University's RED Series at the Hollywood Tower in Los Angeles, and the ISEA wealth and income report authored by Assistant Professor Carlo Carrascoso was featured in a Los Angeles Times article.
Moenius spoke about research at the University and specifically at ISEA at the first of three RED Series events in May. Moenius talked about several economic topics including risks and opportunities in the Southern Californian housing market as well as the importance of entrepreneurial spirit for Southern California.
ISEA’s main purpose is to provide timely economic analysis and reports on employment, retail, housing, income, industry development, and economic risk assessment for locations that people can relate to, such as the ZIP codes within which they live.
Faculty members who are fellows at ISEA work in conjunction with the Redlands Institute to offer science and research based spatial analysis and forecasts of economic phenomena. ISEA serves regional, national and global government and business leaders in their needs to better understand how communities are affected by socio-economic phenomena on the local level.
One research study ISEA has recently conducted includes how and where the recession has brought changes in income distribution and wealth to U.S. households. The study analyzed the geographic distribution of income across U.S. ZIP codes. It found not only that the highest percent of income earners reside in the city while those below the poverty line reside in the countryside and in some inner city areas, but also that middle income earners rarely live in cities as their level of income likely makes them feel poor there.
“The rich and the poor live separate lives,” said Moenius, director of the Institute of Spatial Economic Analysis and the William R. and S. Sue Johnson Endowed Chair of Spatial Economic Analysis and Regional Planning, in a recent article in the Los Angeles Times. “I was really surprised how much geographical difference there is between higher-income and lower-income groups.”
The research and reports ISEA publishes illustrate economic trends and patterns through the use of geo-spatial mapping techniques. The information provided is accessible to the public and helps decision makers in business, government and non-profits to stay on top of what is happening in their local environments.
For more information or to review current reports and maps please visit http://isea.redlands.edu/.
Posted: July 3, 2013