This study examines how the changing composition of adult educational attainment in cities affects the distribution of wages and rents in those cities. We extend the Rosen-Roback spatial equilibrium model to show that as the share of college graduates increases, the impact of this change on the...

This paper investigates why the level of income inequality differs across U.S. cities and why some cities experience faster increases in the level of inequality than others. The rising level of income inequality in the US has received growing attention from both researchers and policy makers....

This paper examines the magnitude of human capital spillovers on unemployment. Using both individual and metropolitan level data, we find that the adult population share of college graduates is negatively associated with the unemployment rate. More specifically, we find that those who reside in...

High school dropouts are more likely to have children in cities where college share is high, while those who received greater education are less likely to have children in these cities. This pattern is puzzling as cities that attract college graduates have higher cost of living, and can be more...

This paper investigates the impact of shocks in the unemployment rate on household formation. Prior research has shown that negative economic shocks reduce household formation, but does not inform how long the declines in household formation will persist. Using time series data from 1975 to...