In this paper we survey the recent developments in two empirical literatures at the crossroads of labor and urban economics: Studies about localized human capital externalities (HCE) and about the urban wage premium (UWP). After surveying the methods and main results of each of these two...

Background: After the emergence of the frst vaccines against the COVID-19, public health authorities have promoted mass vaccination in order to achieve herd immunity and reduce the efects of the disease. Vaccination rates have difered between countries, depending on supply (availability of...

In opaque markets plagued by asymmetric information, such as interbank and OTC markets, firms borrow from many lenders at once and individual contracts are not observable to other lenders. We identify a novel information externality in a model based on this type of setting. Due to adverse...