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Löffler, Max; Siegloch, Sebastian - 2021

We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax incidence depends on how housing prices, labor and other types of incomes as well as public services respond to property tax changes. Empirically, we exploit the German...

Persistent link: https://www.econbiz.de/10013238648

Wages, Rents and Heterogeneous Moving Costs

Krupka, Douglas J.; Donaldson, Kwame - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

The model of compensating differentials in regional labor markets was developed by Roback(1982). The model interprets regional differences in constant quality wages and rents ascompensating firms and residents for inter-regional differences in amenities. The modelassumes that the costs of...

Persistent link: https://www.econbiz.de/10005861156

Some Evidence on the Nature of Urbanization Economies

Krupka, Douglas J. - 2015

Urbanization economies - the effects on productivity and utility created endogenously by larger cities - are a fundamental component of both the economic geography of modern societies and the perpetuation of innovation and economic growth at a national level. Cities account for vast majorities...

Persistent link: https://www.econbiz.de/10013039222

Comparative Advantage and Agglomeration of Economic Activity

Pflüger, Michael - 2016

The division of labor between and within countries is driven by two fundamental forces, comparative advantage and increasing returns. We set up a simple Ricardian model with a Marshallian input sharing mechanism to study their interplay. The key insight that emerges is that the interaction...

Persistent link: https://www.econbiz.de/10012981495

Unaffordable Housing and Local Employment Growth : Evidence from California Municipalities

Chakrabarti, Ritashree - 2014

It is widely believed that unaffordable housing could drive businesses away and thus impede job growth. However, there is little evidence to support this view. This paper presents a simple model to clarify how housing affordability is linked to employment growth and why unaffordable housing...

Persistent link: https://www.econbiz.de/10013054921

On Amenities, Natural Advantage and Agglomeration

Krupka, Douglas J. - 2021

A prominent feature of economic geography in America is the positive correlation amongst local incomes, housing costs and city population. This paper embeds a "black box" agglomeration economy within a more neoclassical general equilibrium model of local wages, rents and population to assess the...

Persistent link: https://www.econbiz.de/10013325076

Optimal Spatial Taxation : Are Big Cities Too Small?

Eeckhout, Jan - 2015

We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...

Persistent link: https://www.econbiz.de/10013029153

The Pure Effect of Social Preferences on Regional Location Choices : The Evolving Dynamics of Convergence to a Steady State Population Distribution

Stark, Oded - 2019

, holding their incomes constant. Conditions are provided under which the associated dynamics reaches a spatial steady state …, the number of periods it takes to reach a steady state is specified, and light is shed on the robustness of the steady … state outcome. By way of simulation it is shown that for large populations, a steady state of the relocation dynamics is …

Persistent link: https://www.econbiz.de/10012870150

Short-Term Rental Bans and Housing Prices : Quasi-Experimental Evidence from Lisbon

Gonçalves, Duarte; Peralta, Susana; Santos, João … - 2022

We estimate the causal impact of a 2018 zoning reform that banned new short-term rental registries in some parts of Lisbon. The short-term rental licence expires when the house is sold, hence the ban removes the option value of short-term renting a property. We rely on two administrative data...

Persistent link: https://www.econbiz.de/10014241957

Home Market Effect Versus Multinationals

Toulemonde, Eric - 2007

We develop a model with two asymmetric countries. Firms choose the number and the location of plants that they operate. The production of each firm increases when trade costs fall. The fall also induces multinationals to repatriate their production into a single country, which is likely to be...

Persistent link: https://www.econbiz.de/10012776607