This collection contains reports and working papers elaborated to analyze various aspects of the Delaware economy. The intended audience is students, researchers, policymakers, and members of the community wishing to understand what impacts the economy of the First State, what past and future trends are present in the Delaware economy, and what sources of data are publicly available. Among other things the studies presented in this collection analyze the residential construction sector in Delaware, the high tech industry of the First State, the economic condition of various types of Delaware households, etc. In addition the collection contains economic data series that might prove to be very useful for researchers.
(Center for Applied Demography & Survey Research, 2004-07) Condliffe, Simon
Record gasoline prices are generating outrage from drivers, and will be likely a policy issue in the coming election. Nevertheless the evidence suggests that gasoline expenditures are, on average, a manageable budget item. Within the context of other consumer expenditures, consumers spend twice as much on dining out and entertainment as gasoline and oil.
(Center for Applied Demography & Survey Research, 2007-06) Condliffe, Simon; Ratledge, Edward C.
This report uses the latest available data through the end of 2006. The new data
confirm the previously identified positive growth in wages and employment among
drinking places and full-services restaurants. With the complete 2006 data now available, the growth in wages and employment at drinking establishments and full-service restaurants has now extended to fourteen quarters.
(2012-06-21) Ratledge, Edward C.; Brown, Daniel T.;
The housing market in Delaware has undergone dramatic shifts over the past 20 years. As most other states, activity in the market increased sharply in the early part of the last decade and peaked between 2006 and 2007. Rosy speculation, easy credit, and quick profits convinced people that housing was a low risk, high reward investment. As dollars funneled their way into properties, the construction industry experienced an unprecedented boom requiring many jobs.
When the bubble burst, the construction sector in Delaware shed thousands of jobs, and many companies went out of business. Actual and perceived wealth dropped seemingly overnight, and banks were left with hundreds of billions of dollars’ worth of toxic assets. It has been nearly five years since the housing market collapsed, and a meaningful recovery has yet to take place. However, recent indicators may be signaling that the market is beginning to turn around. Home prices have fallen, home sales in 2011 are higher than sales in 2010, and the stock of excess housing has had more time to get whittled down.