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Glaeser, Edward L.; Redlick, Charles - 2014

Social capital is often place-specific while schooling is portable, so the prospect of migration may reduce the returns to social capital and increase the returns to schooling. If social capital matters for urban success, it is possible that an area can get caught in a bad equilibrium where the...

Persistent link: https://www.econbiz.de/10014213057

Social Capital and Urban Growth

Glaeser, Edward L.; Redlick, Charles - 2022

Persistent link: https://www.econbiz.de/10013324492

Do People Shape Cities, or Do Cities Shape People? The Co-Evolution of Physical, Social, and Economic Change in Five Major U.S. Cities

Naik, Nikhil - 2015

Urban change involves transformations in the physical appearance and the social composition of neighborhoods. Yet, the relationship between the physical and social components of urban change is not well understood due to the lack of comprehensive measures of neighborhood appearance. Here, we...

Persistent link: https://www.econbiz.de/10013013927

Education and Religion

Sacerdote, Bruce; Glaeser, Edward L. - 2021

In the United States, religious attendance rises sharply with education across individuals, but religious attendance declines sharply with education across denominations. This puzzle is explained if education both increases the returns to social connection and reduces the extent of religious...

Persistent link: https://www.econbiz.de/10013249351

Human-Capital Externalities in China

Glaeser, Edward L. - 2018

This paper provides evidences of heterogeneous human-capital externality using CHIP 2002, 2007 and 2013 data from urban China. After instrumenting city-level education using the number of relocated university departments across cities in the 1950s, one year more city-level education increases...

Persistent link: https://www.econbiz.de/10012912517

Japanese Finance : a Survey

Frankel, Jeffrey A. - 2010

: (1) the real interest rate in Japan may remain below that in the United States, despite international arbitrage, (2) the … main relevant effect of the internationalization in Japan may have been to accelerate the process whereby corporate finance …

Persistent link: https://www.econbiz.de/10012763419

Is Japan Creating a Yen Bloc in East Asia and the Pacific?

Frankel, Jeffrey A. - 2021

This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and …

Persistent link: https://www.econbiz.de/10013218103

Short-Term and Long-Term Expectations of the Yen/Dollar Exchange Rate : Evidence from Survey Data

Frankel, Jeffrey A.; Froot, Kenneth - 2021

Three surveys of exchange rate expectations allow us to measure directly the expected rates of return on yen versus dollars. Expectations of yen appreciation against the dollar have been (1) consistently large, (2) variable, and (3) greater than the forward premium, implying that investors were...

Persistent link: https://www.econbiz.de/10013218532

Over-Optimism in Forecasts by Official Budget Agencies and its Implications

Frankel, Jeffrey A. - 2011

The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general, the forecasts are found: (i) to have a positive average bias, (ii) to be more biased in booms, (iii) to be even more biased at the 3-year horizon than at...

Persistent link: https://www.econbiz.de/10013122217

Effects of Speculation and Interest Rates in a "Carry Trade" Model of Commodity Prices

Frankel, Jeffrey A. - 2013

The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as reflecting the carry trade. It focuses on speculative factors, here defined as the trade-off between interest rates on the one hand and market participants'...

Persistent link: https://www.econbiz.de/10013075796