Showing 1 - 10 of 36
develop a new method to estimate elasticities of housing and land supply, and local-productivity estimates, from cross …-sectional density and land-area data. From wage and housing-cost indices, the model explains half of U.S. density and total population …
Persistent link: https://www.econbiz.de/10013006695
A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade policy. Fajgelbaum, Grossman, and Helpman (2011) formalize the Linder hypothesis that home demand...
Persistent link: https://www.econbiz.de/10012980681
Our objective in this paper is to define jurisdictional advantage, the recognition that location is critical to firms' innovative success and that every location has unique assets that are not easily replicated. The purpose is to be normative and policy oriented. Drawing from the well-developed...
Persistent link: https://www.econbiz.de/10013220418
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by over 90% in real terms, and there is little reason to doubt that this decline will continue....
Persistent link: https://www.econbiz.de/10013220511
places within countries needs to consider population, income and housing prices simultaneously. Housing supply elasticity …, national income accounts, public economics and housing prices …
Persistent link: https://www.econbiz.de/10013223339
attributes, like high housing prices. The employer's equilibrium requires that high wages be offset by a high level of … local wages, housing prices and city growth, it is unsurprising that the economic empirics on cities have increasingly …
Persistent link: https://www.econbiz.de/10013225036
use, household consumption and housing choices, city wages, rents, and population, and finally, local tax bases, revenues …
Persistent link: https://www.econbiz.de/10013227495
Today, no economist studying the spatial economy of urban areas would ignore the effects of race on housing markets and … housing segregation and the labor market opportunities of Blacks was a natural outgrowth of his prior work on employment … decentralization and housing constraints on Black households. His more recent program of research on school outcomes employing detailed …
Persistent link: https://www.econbiz.de/10013243457
This paper proposes a simple theory of a system of cities that decomposes the determinants of the city size distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to larger cities, but also to greater frictions through...
Persistent link: https://www.econbiz.de/10013135055
We develop a new methodology for quantifying the tasks undertaken within occupations using over 3,000 verbs from more than 12,000 occupational descriptions in the Dictionary of Occupational Titles (DOTs). Using micro-data from the United States from 1880-2000, we find an increase in the...
Persistent link: https://www.econbiz.de/10013088397