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New Economic Geography: an appraisal on the occasion of Paul Krugman's 2008 Nobel Prize in Economics

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2008

Paul Krugman has clarified the microeconomic underpinnings of both spatial economic agglomerations and regional imbalances at national and international levels. He has achieved this with a series of remarkably original papers and books that succeed in combining imperfect competition, increasing...

Persistent link: https://www.econbiz.de/10005497703

How Urbanization Affect Employment and Social Interactions

Sato, Yasuhiro; Zenou, Yves - C.E.P.R. Discussion Papers - 2014

We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...

Persistent link: https://www.econbiz.de/10011084303

The Geography of Development within Countries

Desmet, Klaus; Henderson, J Vernon - C.E.P.R. Discussion Papers - 2014

This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...

Persistent link: https://www.econbiz.de/10011084674

Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities

Song, Yan; Zenou, Yves - C.E.P.R. Discussion Papers - 2005

This article attempts a formal analysis of the connection between property tax and urban sprawl in U.S. cities. We develop a theoretical model that includes households (who are also landlords) and land developers in a regional land market. We then test the model empirically based on a national...

Persistent link: https://www.econbiz.de/10005067619

The Economic Value of Cultural Diversity: Evidence from US Cities

Ottaviano, Gianmarco; Peri, Giovanni - C.E.P.R. Discussion Papers - 2004

in their wage and in the rental price of their housing. Such finding is economically significant and robust to omitted …

Persistent link: https://www.econbiz.de/10005792376

Spatial Asset Pricing: A First Step

Ortalo-Magné, François; Prat, Andrea - C.E.P.R. Discussion Papers - 2010

People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of …

Persistent link: https://www.econbiz.de/10008468506

The Effect of Housing on Portfolio Choice: A Reappraisal Using French Data

Fougère, Denis; Poulhes, Mathilde - C.E.P.R. Discussion Papers - 2012

Chetty and Szeidl (2012) propose to estimate the effect of housing on portfolio choice by distinguishing between the …

Persistent link: https://www.econbiz.de/10011083391

The Dynamics of Homeownership Among the 50+ in Europe

Angelini, Viola; Brugiavini, Agar; Weber, Guglielmo - C.E.P.R. Discussion Papers - 2012

We use life history data covering households in thirteen European countries to analyse residential moves past age 50. We observe four types of moves: renting to owning, owning to renting, trading up or trading down for home-owners. We find that in the younger group (aged 50-64) trading up and...

Persistent link: https://www.econbiz.de/10011084196

Money Illusion and Housing Frenzies

Brunnermeier, Markus K; Julliard, Christian - C.E.P.R. Discussion Papers - 2007

A reduction in inflation can fuel run-ups in housing prices if people suffer from money illusion. For example …

Persistent link: https://www.econbiz.de/10005067397

The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets

Cerny, Ales; Miles, David K; Schmidt, Lubomir - C.E.P.R. Discussion Papers - 2005

social security upon the demand for housing and the level of owner occupation is substantial. The overall structure of … generosity of state run, pay-as-you-go pensions. The interaction between social security reform and housing market conditions is … significant and suggests that any changes in pension rules will have substantial knock on effects on the housing market. …

Persistent link: https://www.econbiz.de/10005662297