Rent Control: Concepts, Realities, and Mechanisms, by Monica R. Lett

Abstract

New Jersey toward the Year 2000 converts a series of assumptions about births, deaths, migration, jobs, unemployment, and other socioeconomic indicators into population and employment projections for New Jersey's counties and municipalities. Employment projections for some counties in the state are produced by regional agencies, however, not all of the state's counties are covered by these agencies; and for those that are covered, the projections are not necessarily consistent. The authors argue that the differences among techniques available for employment projection can be understood by partitioning them into three broad categories: trend extrapolations that are statistical projections of employment as a function of time; market share models that project change in one geographic area as a function of projected changes in another market area of which the former is a part; and models of sectoral interdependence that commonly see changes in the exporting sectors of the economy as having a multiplier effect on the non-exporting sector of the economy. Connie O. Michaelson and Michael R. Greenberg have gathered over 12,000 employment projections for the state of New Jersey and its twenty-one counties. Specifically, 168 projections are offered for 23 industrial sectors for the state and each county. Since most volumes of this sort offer fewer projections, a summary of the employment series is offered here. This overview makes clear the kinds of uses that the reader may make of the series projections. The final chapter breaks down the authors' research by county and includes graphical representations.