Jeffrey P. 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 Dean’s Ackerman Scholar, at the School of Business. Professor Cohen has longstanding collaborative research relationships with the Federal Reserve Bank of St. Louis, and has been a recent Visiting Scholar at the St. Louis Fed in May, 2017 , December, 2017, and March 2018. His current research interests include the impact of airports and airport noise on commercial and residential property values; property taxation; housing price spillovers across jurisdictions; the impacts of storms on real estate values; and the geographical aspects of REITs liquidity. 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, Real Estate 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 was recently the Principal Investigator on a grant from the State of Connecticut Department of Transportation and the U.S. Department of Transportation/Federal Highway Administration, on the property value impacts of a bus rapid transit line (called CTfastrak). Watch a video about this project here and read the report for Phase 1 of this project here. He was also recently 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. In 2017, Professor Cohen received the Distinguished Member Award from the Transportation and Public Utilities Group, of the Allied Social Sciences Association (the national association for economists in the U.S.).

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

SSRN page for: Jeffrey P. Cohen

 

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

(CLICK HERE FOR A COMPREHENSIVE LIST OF MY PUBLICATIONS)

Real Estate, Urban, and Regional Economics publications:

  1. Cohen, J., Zabel, J. Local House Price Diffusion. Forthcoming in Real Estate Economics.
  2. Cohen, J., Yang, K., Danko, J. Proximity to a Water Supply Reservoir and Dams: Is There Spatial Heterogeneity in the Effects on Housing Prices? Forthcoming in the Journal of Housing Economics.
  3. Cohen, J. and M. Brown. 2017. Does a New Rail Rapid Transit Line Announcement Affect Various Commercial Property Prices Differently? Regional Science and Urban Economics 66: 74-90.
  4. Cohen, J., Fedele, M.J. 2017. Where in Connecticut is the Best Location for a Split Tax? An Analysis of Land Assessment Equity in Several Cities. Buildings 7(4) 108: 1-19.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9.  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.
  10.  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.
  11. 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.
  12. 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.
  13. 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.
  14.  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.
  15. 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.
  16. 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. 2017. Too Big, Too Small, or Just Right? Cost-Efficiency of Environmental Inspection Services in Connecticut. Health Services Research 52(S2): 2285-2306.
  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. Cohen, J. and M. Brown. Forthcoming. The Effect of International Airports on Commercial Property Values: Case Studies of Toronto, Ontario, Canada and Vancouver, BC, Canada. Chapter 12, in The Economics of Airport Operations: Advances in Airline Economics, J. Peoples and J. Bitzan, eds., Emerald Publishers Limited.
  2. 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.
  3.  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.
  4. 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.
  5.  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.
  6. Jeffrey Cohen & Kristen Monaco, 2008. “Ports and Highways Infrastructure,” International Regional Science Review, vol. 31(3), pages 257-274, July.
  7.  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.
  8.  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.
  9. 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.
  10.  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.
  11. 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.
  12. 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., Ioannides, Y. International and Intercity Trade, and Housing Prices in U.S. Cities.
  2. Cohen, J., Coughlin, C., and Crews, J. Traffic Noise in Georgia: Sound Levels and Inequality.
  3. Cohen, J. and Yang, K. Inverse Probability Tilting with Spatial Data: Some Monte Carlo Evidence: An Application of How a Severe Storm Impacts Commercial Real Estate Prices.
  4. Cohen, J., Coughlin, C., and Zabel, J. Time-Geographically Weighted Regressions as a Methodology to Support Residential Property Value Assessment.
  5. Wang, C., Cohen, J. & Glascock, J. Geographic Proximity and Competition for Scarce Capital: Evidence from U.S. Stocks.
  6. Wang, C., Cohen, J. & Glascock, J. Geographically Overlapping Real Estate Assets, Liquidity Spillovers, and Liquidity Multiplier Effects. 
  7. Barr, J.M., Cohen, J., Kim, E. Storm Surges, Informational Shocks, and the Price of Urban Real Estate:  An Application to the Case of Hurricane Sandy.
  8. Cohen, J. and Harding, J. The Impact of Investors on Housing Values and Markets: The Case of Denver, Colorado.
  9. Cohen, J., Coughlin, C., and Crews, J. National and Regional Housing Vacancy: Insights Using Markov-Switching Models.
  10. Cohen, J.,  Coughlin, C., and Crews, J. Airport Noise and House Prices: Closing of One Airport and Opening of a New Airport in Denver.

Other Working Papers:

  1. Cohen, J., Coughlin, C., and Crews, J. 2017. Airport Noise in Atlanta: The Inequality of Sound. Working Papers 2017-015, Federal Reserve Bank of St. Louis.
  2. 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.
  3. 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.
  4. 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.
  5. Jeffrey P. Cohen, 2007. “Economic Benefits of Investments in Transport Infrastructure,” OECD/ITF Joint Transport Research Centre Discussion Papers 2007/13, OECD Publishing.
  6. 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.
  7. 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-RE
Office LocationBUSN 444
CampusStorrs
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