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The standard revealed-preference estimate of a city's quality of life is proportional to that city's cost-of-living relative to its wage-level. Adjusting estimates to account for federal taxes, non-housing costs, and non-labor income produces more plausible quality-of-life estimates than in the...
Persistent link: https://www.econbiz.de/10014213014
This paper studies the sources of agglomeration economies in cities. We begin by introducing a simple dynamic spatial … large, though there can be exceptions. Thus, dynamic agglomeration appears to be driven by cross-industry effects. Once we … control for these cross-industry agglomeration effects, we find a strong negative relationship between city size and city …
Persistent link: https://www.econbiz.de/10013031569
We provide novel estimates of the timing, magnitudes, and potential determinants of the start of the last housing boom across American neighborhoods and metropolitan areas (MSAs) using a rich new micro data set containing 23 million housing transactions in 94 metropolitan areas between 1993 and...
Persistent link: https://www.econbiz.de/10013037690
models within this class and find substantial agglomeration forces in both production and residence. In counterfactuals, we …
Persistent link: https://www.econbiz.de/10012911089
In most countries, average wages tend to be higher in larger cities. In this paper, we focus on the role played by the matching of workers to firms in explaining geographical wage differences. Using rich administrative German data for 1985-2014, we show that wages in large cities are higher not...
Persistent link: https://www.econbiz.de/10012908467
The price-amenity arbitrage is a cornerstone of spatial economics, as the response of land and house prices to shifts in the quality of local amenities and public goods is typically used to reveal households' willingness to pay for amenities. With informational, time, and cash constraints,...
Persistent link: https://www.econbiz.de/10012889494
existence of agglomeration economies, which exist when productivity rises with density, but estimating the magnitude of those …
Persistent link: https://www.econbiz.de/10013223339
White seniors report better health than Black seniors in urban areas in Sao Paulo, Brazil. This is the case even after controlling for baseline health conditions and several demographic, socio-economic and family support characteristics. Furthermore, adjusted racial disparities in self-reported...
Persistent link: https://www.econbiz.de/10013223999
This paper examines the productivity (and wage) gains from locating in dense, urban environments. We distinguish between three potential explanations of why firms are willing to pay urban workers more: (1) the urban wage premium is spurious and is the result of omitted ability measures, (2) the...
Persistent link: https://www.econbiz.de/10013225138
The authors test opposing theories on how urban locations influenced the diffusion of Internet technology. They find evidence that, controlling for industry, participation in the Internet is more likely in rural areas than in urban areas. Nevertheless, talk of the dissolution of cities is...
Persistent link: https://www.econbiz.de/10013234358