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Staff Economists

Santiago Pinto

headshot of Santiago Pinto

My research interests are in the area of applied microeconomics, specifically in the fields of urban and regional economics, public economics, and state and local public finance. My research work has focused on issues related to household mobility, local labor markets, regional assistance to poor households when their income is not observed, and on the equality of opportunity of access to specific goods. I have also worked on a number of issues related to fiscal competition across jurisdictions, including state corporate income tax systems and the implications of using a formula apportionment system, and on urban crime. Simultaneously, I have been developing a line of research on the political determinants of foreign direct investment.

Professional Experience

Santiago Pinto is a senior policy economist in the Research Department. He joined the Richmond Fed in 2012 after serving as an associate professor of economics at West Virginia University, where he had worked since 2002. He previously taught at Syracuse University and several institutions in Argentina.


Ph.D., University of Illinois at Urbana - Champaign, 2001
M.S., University of Illinois at Urbana - Champaign, 1998
Master in Economics, Torcuato Di Tella Institute (Argentina), 1994
Licentiate in Economics, National University of La Plata (Argentina), 1993

Curriculum vitae

"Urban Crime and Labor Mobility" (with Subhayu Bandyopadhyay and Christopher H. Wheeler). Journal of Public Economic Theory 13, no. 3 (June 2011): 443-462.

"Crime in a Multi-Jurisdictional Model with Private and Public Prevention" (with Kangoh Lee). Journal of Regional Science 49, no. 5 (December 2009): 977-996.

"The Politics of Investment: Partisanship and the Sectoral Allocation of Foreign Direct Investment" (with Pablo M. Pinto). Economics & Politics 20, no. 2 (June 2008): 216-254.

"Tax Competition in the Presence of Interjurisdictional Externalities: The Case of Crime Prevention." Journal of Regional Science, 47, no. 5 (December 2007): 897-913.

"Corporate Profit Tax, Capital Mobility, and Formula Apportionment." Journal of Urban Economics 62, no. 1 (July 2007): 76-102.

"Equality of Opportunity and Optimal In-Kind and In-Cash Policies" (with Leonardo Gasparini). Journal of Public Economics 90, no. 1-2 (January 2006): 143-169.

"Assistance to Poor Households When Income is not Observed: Targeted In-Kind and In-Cash Transfers." Journal of Urban Economics 53, no. 3 (November 2004): 536-553.

"Residential Choice, Mobility, and the Labor Market." Journal of Urban Economics 51, no. 3 (May 2002): 469-496.

January 2018, No. 18-01

Unauthorized Immigration: Evaluating the Effects and Policy Responses

Santiago Pinto and Tim Sablik

July 2017, No. 17-07

Responding to Urban Decline

Santiago Pinto and Tim Sablik

January 2015, No. 15-01

Why Does the Fed Study Regional Economics?

Santiago Pinto, Ann Battle Macheras, Jessie Romero and Pierre-Daniel G. Sarte

May 9, 2017

Why It Matters: Counting the Unauthorized Immigrant Population

It is generally stated, but somewhat disputed, that around 11 million unauthorized immigrants currently reside in the United States. Why is it important to know more about the size and characteristics of the unauthorized population? And what role should different levels of governments play in enforcing immigration laws?

Santiago Pinto

December 5, 2016

Text Analytics: Using Survey Comments for Sentiment Analysis

The qualitative data conveyed through surveys, or gathered at roundtable meetings with business firms or our own Bank directors are very valuable pieces of information. However, summarizing and extracting meaning out of this information are very challenging tasks. So how can we make sense out of this information?

Santiago Pinto

  Annual Report - 2016
  Understanding Urban Decline
  Santiago Pinto and Tim Sablik

Contact Us

Santiago Pinto
(804) 697-8822