Wong, Horng Chern; Novy, Dennis; Perroni, Carlo; Chen, … - 2026
capitalize on their fast productivity growth. As a result, the forces underlying urban-biased structural change have facilitated … equilibrium model, we highlight the role that local consumption services play in reconciling these facts. We show that structural … change leads to an expansion of local services varieties, which improves amenities and moderates urban wage growth despite …
