Jeffrey Cohen

Associate Professor

Finance


Education/Professional Certification

Ph.D. in Economics, University of Maryland at College Park, December 1998

M.A. in Economics, University of Toronto, Canada, June 1993

B.S. in Quantitative Economics, Tufts University, May 1992

Biography

Jeffrey P. Cohen is an associate professor of Real Estate and Finance at UCONN’s Center for Real Estate, and the School of Business. Professor Cohen has longstanding collaborative research relationships with the Federal Reserve Bank of St. Louis, and was a recent Visiting Scholar at the St. Louis Fed in May, 2017. His current research interests include the impact of airports on commercial and residential property values; property taxation; housing price spillovers across jurisdictions; the determinants of land values; and the impacts on REITs liquidity of own- and neighboring-states’ economic variables. Among approximately 40 publications, he has published his research in several top journals, including: Review of Economics and Statistics, Journal of Urban Economics, Journal of Regional Science, Regional Science and Urban Economics, Journal of Real Estate Finance and Economics, Federal Reserve Bank of St. Louis Review, and others.

He has previous teaching experience at Tufts University, the University of Maryland at College Park, and the University of Hartford. Professor Cohen has been a Visiting Scholar with the Federal Reserve Bank of St. Louis; he also worked full-time at the U.S. Environmental Protection Agency as part of an award from the National Academies; and has been a Fellow with, and a seminar organizer for the Lincoln Institute of Land Policy. He also has previous full-time employment experience in the private sector as a Senior Economist at Standard and Poor’s. He has served on expert panels for the National Academies, the U.S. Environmental Protection Agency, and the Lincoln Institute of Land Policy. His other grants and consulting clients have included the U.S. Department of Energy, the U.S. Small Business Administration, Organization for Economic Cooperation and Development (OECD), the Vancouver Airport Authority in Canada, the Lincoln Institute of Land Policy, the Robert Wood Johnson Foundation, and the National Metropolitan Transportation Center (METRANS) at California State University-Long Beach.

He is currently the Principal Investigator on a grant from the State of Connecticut Department of Transportation, on the property value impacts of a bus rapid transit line (called CTfastrak). Watch a video and read more about this project here. He is also currently the Co-Principal Investigator on a grant from the Connecticut Academy of Science and Engineering, and the Connecticut Department of Transportation, on sustainability strategies to minimize the carbon footprint for Connecticut bus operations.

At UCONN, Professor Cohen teaches courses in Real Estate Finance (undergraduate); Principles of Real Estate (undergraduate); and Real Estate Capital Markets (MBA level). He also interacts with the local real estate community, students, and alumni through activities of the UCONN Center for Real Estate.

 

Google Scholar Page for: Jeffrey P. Cohen

Repec Page for: Cohen, Jeffrey P.

ResearchGate Page for: Jeffrey P. Cohen

LinkedIn Page: https://www.linkedin.com/pub/jeffrey-cohen/8/526/81b

 

Selected Peer-Reviewed Journal Publications and Research In-Progress:

Real Estate, Urban, and Regional Economics publications:

  1. Cohen, J. and M. Brown. Forthcoming. Does a New Rail Rapid Transit Line Announcement Affect Various Commercial Property Prices Differently? Regional Science and Urban Economics.
  2. Cohen, J., Fedele, M.J. 2017. Connecticut’s Land Value Taxation Public Act: Who Would Bear the Burden?  Journal of Real Estate Research,  39(1): 39-63.
  3. Cohen, J. P., Coughlin, C. C., & Clapp, J. M. 2017. “Local Polynomial Regressions versus OLS for Generating Location Value Estimates: Which is More Efficient in Out-of-Sample Forecasts?,” The Journal of Real Estate Finance and Economics, 54(3), 365-385. Earlier version: Working Papers 2015-14, Federal Reserve Bank of St. Louis.
  4. Cohen, Jeffrey P. and Coughlin, Cletus C. and Yao, Vincent W. 2016. Sales of Distressed Residential Property: What Have We Learned from Recent Research? Federal Reserve Bank of St. Louis Review, Vol. 98, Issue 3, pp. 159-88, 2016.
  5. Jeffrey Cohen & Yannis M. Ioannides & Win (Wirathip) Thanapisitikul, 2016. “Spatial Effects and House Price Dynamics in the U.S.A,” Journal of Housing Economics 31, 1-13.
  6.  Barr, Jason & Cohen, Jeffrey P., 2014. “The floor area ratio gradient: New York City, 1890–2009,” Regional Science and Urban Economics, Elsevier, vol. 48(C), pages 110-119.
  7.  Cohen, Jeffrey P. & Osleeb, Jeffrey P. & Yang, Ke, 2014. “Semi-parametric regression models and economies of scale in the presence of an endogenous variable,” Regional Science and Urban Economics, Elsevier, vol. 49(C), pages 252-261.
  8. Cohen, Jeffrey P. & Coughlin, Cletus C. & Lopez, David A., 2012. “The boom and bust of U.S. housing prices from various geographic perspectives,” Review, Federal Reserve Bank of St. Louis, issue Sep, pages 341-368.
  9. Cohen, Jeffrey P. & Morrison Paul, Catherine, 2008. “Agglomeration and Cost Economies for Washington State Hospital Services,” Regional Science and Urban Economics, Elsevier, vol. 38(6), pages 553-564, November.
  10. Jeffrey Cohen, 2006. “The impacts of education spending and finance reform on manufacturing property shadow values: a cost function approach,” Journal of Productivity Analysis, Springer, vol. 26(2), pages 181-190, October.
  11.  Cohen, Jeffrey P. & Paul, Catherine J. Morrison, 2005. “Agglomeration economies and industry location decisions: the impacts of spatial and industrial spillovers,” Regional Science and Urban Economics, Elsevier, vol. 35(3), pages 215-237, May.
  12. Jeffrey P. Cohen & Cletus C. Coughlin, 2005. “An introduction to two-rate taxation of land and buildings,” Review, Federal Reserve Bank of St. Louis, issue May, pages 359-374.
  13. Jeffrey P. Cohen & Catherine J. Morrison Paul, 2003. “Spatial and supply/demand agglomeration economies: State- and industry-linkages in the U.S. food system,” Empirical Economics, Springer, vol. 28(4), pages 733-751, November.

Real Estate, Land use, and the Environment publications:

  1. Cohen, J. and P. Checko. Forthcoming. Too Big, Too Small, or Just Right? Cost-Efficiency of Environmental Inspection Services in Connecticut. Health Services Research.
  2. Cohen, J., Cromley, R. G., Banach, K. T. 2015. Are Homes Near Water Bodies and Wetlands Worth More or Less? An Analysis of Housing Prices in One Connecticut Town. Growth and Change, 46(1): 114-132.
  3.  Kiku Ichihara & Jeffrey Cohen, 2011. “New York City property values: what is the impact of green roofs on rental pricing?,” Letters in Spatial and Resource Sciences, Springer, vol. 4(1), pages 21-30, March.
  4.  Jeffrey P. Cohen & Cletus C. Coughlin, 2010. “Response To “Spatial Multipliers In Hedonic Analysis: A Comment On ‘Spatial Hedonic Models Of Airport Noise, Proximity, And Housing Prices’ ”,” Journal of Regional Science, Wiley Blackwell, vol. 50(5), pages 999-1000, December.
  5. Jeffrey P. Cohen & Cletus C. Coughlin, 2009. “Changing Noise Levels and Housing Prices Near the Atlanta Airport,” Growth and Change, Wiley Blackwell, vol. 40(2), pages 287-313.
  6. Jeffrey P. Cohen & Cletus C. Coughlin, 2008. “Spatial Hedonic Models Of Airport Noise, Proximity, And Housing Prices,” Journal of Regional Science, Wiley Blackwell, vol. 48(5), pages 859-878.

Real Estate and Transportation Infrastructure publications:

  1. Eloff, J., Cohen, J. 2015. Airport Infrastructure Investment: Strategic Interaction or Strategic Allocation? Transportation Research Record, Transportation Research Board of the National Academies, vol. 2471.
  2.  Cohen, Jeffrey P., 2010. “The broader effects of transportation infrastructure: Spatial econometrics and productivity approaches,” Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(3), pages 317-326, May.
  3. Jeffrey P. Cohen & Cletus C. Coughlin & Lesli S. Ott, 2009. “Auctions as a vehicle to reduce airport delays and achieve value capture,” Review, Federal Reserve Bank of St. Louis, issue Nov, pages 569-588.
  4.  Jeffrey Cohen & Kristen Monaco, 2009. “Inter-county spillovers in California’s ports and roads infrastructure: the impact on retail trade,” Letters in Spatial and Resource Sciences, Springer, vol. 2(2), pages 77-84, October.
  5. Jeffrey Cohen & Kristen Monaco, 2008. “Ports and Highways Infrastructure,” International Regional Science Review, vol. 31(3), pages 257-274, July.
  6.  Jeffrey P. Cohen & Catherine Morrison Paul, 2007. “The Impacts Of Transportation Infrastructure On Property Values: A Higher-Order Spatial Econometrics Approach,” Journal of Regional Science, Wiley Blackwell, vol. 47(3), pages 457-478.
  7.  Jeffrey P. Cohen & Catherine J. Morrison Paul, 2004. “Public Infrastructure Investment, Interstate Spatial Spillovers, and Manufacturing Costs,” The Review of Economics and Statistics, MIT Press, vol. 86(2), pages 551-560, May.
  8. Cohen, Jeffrey P. & Morrison Paul, Catherine J., 2003. “Airport infrastructure spillovers in a network system,” Journal of Urban Economics, Elsevier, vol. 54(3), pages 459-473, November.
  9.  Jeffrey P. Cohen & Cletus C. Coughlin, 2003. “Congestion at airports: the economics of airport expansions,” Review, Federal Reserve Bank of St. Louis, issue May, pages 9-26.
  10. Cletus C. Coughlin & Jeffrey P. Cohen & Sarosh R. Khan, 2002. “Aviation security and terrorism: a review of the economic issues,” Review, Federal Reserve Bank of St. Louis, issue Sep, pages 9-24.
  11. Jeffrey P. Cohen, 2002. “Reciprocal State and Local Airport Spending Spillovers and Symmetric Responses to Cuts and Increases in Federal Airport Grants,” Public Finance Review, , vol. 30(1), pages 41-55, January.

Research in Progress/Under Review

  1. Cohen, J., Zabel, J. Local House Price Diffusion. Under Review.
  2. Cohen, J., Yang, K. Proximity to a Water Supply Reservoir and Dams: Is There Spatial Heterogeneity in the Effects on Housing Prices? Under Review.
  3. Cohen, J., Ioannides, Y. International and Intercity Trade, and Housing Prices in U.S. Cities. Under Review.
  4. Cohen, J., Coughlin, C., and Crews, J. Airport Noise in Atlanta: The Inequality of Sound. Under Review.
  5. Cohen, J. and Yang, K. Inverse Probability Tilting with Spatial Data: Some Monte Carlo Evidence and an Application to Commercial Real Estate Prices. In Progress.
  6. Wang, C., Cohen, J. & Glascock, J. Geographic Proximity and Competition for Scarce Capital: Evidence from U.S. Stocks and REITs. In progress.
  7. Wang, C., Cohen, J., Glascock, J. REIT Liquidity Spillover Effects and Competition for Scarce Capital. In progress.
  8. Barr, J.M., Cohen, J., Kim, E. The Effect of Hurricaine Sandy on New York City Real Estate Prices. In progress.
  9. Cohen, J., Coughlin, C., and Crews, J. National and Regional Housing Vacancy: Insights Using Markov-Switching Models. In progress.
  10. Cohen, J., Coughlin, C., and Danko, J. Airport Noise and House Prices: Closing of One Airport and Opening of a New Airport in Denver. In progress.
  11. Cohen, Jeffrey P. & Coughlin, Cletus C. & Clapp, John M., 2014. “Semi-Parametric Interpolations of Residential Location Values: Using Housing Price Data to Generate Balanced Panels,” Working Papers 2014-50, Federal Reserve Bank of St. Louis. In progress.

Other Working Papers:

1. Jeffrey P. Cohen & Cletus C. Coughlin, 2009. “Spatial heterogeneity and the geographic distribution of airport noise,” Working Papers 2009-058, Federal Reserve Bank of St. Louis.

2. Jeffrey P. Cohen & Cletus C. Coughlin, 2008. “Airport-related noise, proximity, and housing prices in Atlanta,” Working Papers 2005-060, Federal Reserve Bank of St. Louis.

3. Jeffrey P. Cohen, 2007. “Economic Benefits of Investments in Transport Infrastructure,” OECD/ITF Joint Transport Research Centre Discussion Papers 2007/13, OECD Publishing.

4. Jeffrey P. Cohen & Cletus C. Coughlin, 2006. “Spatial hedonic models of airport noise, proximity, and housing prices,” Working Papers 2006-026, Federal Reserve Bank of St. Louis.

5. Cletus C. Coughlin & Jeffrey P. Cohen & Sarosh R. Khan, 2002. “Aviation security and terrorism: a review of the economic issues,” Working Papers 2002-009, Federal Reserve Bank of St. Louis.

 

 

Contact Information
Emailjeffrey.cohen@business.uconn.edu
Phone+1 (860) 486-1277
Mailing AddressUnit 1041-041f
Office LocationBUSN 444
CampusStorrs
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