The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

Learning English is a potentially profitable investment for immigrants in the U.S.: while there are initial costs, the subsequent benefits include the ability to communicate with the majority of the population, potentially leading to better paying jobs and economic success in the new country....