This study investigates the problem of how best to measure the income attractiveness of various occupations, allowing for the differences among occupations in their stability of income. Analyzing data for eleven occupations from the one percent Public Use Sample of the 1970 U.S. Census of...

In this paper I argue that ‘second-tier’ European cities warrant more attention because they could potentially help secure balanced development and territorial cohesion. I compare the asset bases of four such cities (Munich, Tampere, Timisoara, and Leeds) located within different state and...

This paper assesses two northern cities' relative attractiveness to firms supplying e-commerce services and the relative significance and impact of supportive local and regional interventions. Contrary to the hype, e-commerce has not as yet fundamentally changed the relative status of these two...

The overlapping generations (OLG) model is an important framework for analyzing any type of question in which age cohorts are affected differently by exogenous shocks. However, as the dimensions and degree of heterogeneity in these models increase, the computational burden imposed by rational...

<italic>This article seeks to explain why Munich, Germany's most economically successful city in recent decades, has proved so resilient despite various challenges and shocks. It begins by discussing different theoretical understandings of resilience and our methodological approach which builds on...</italic>

This paper tests weak-form efficiency of residential real estate returns for the city of Memphis, Tennessee. The database for the study is comprised of the population of all sales of single-unit residential property over a fifteen-year period, 1970-1984. The city was divided into ten submarkets...

We study the relative importance of market governance and non-market governance in retirement investments using a sample of variable annuities. Variable annuity investors are significantly less sensitive to performance and fees than mutual fund investors. Consistent with a complementary role of...

We study the roles of traditional governance (boards, sponsors, etc.) and market governance (investors voting with their feet) in mutual funds and variable annuities. We find that market governance is less pronounced for variable annuity investors. Using a matched sample of variable...