We consider the relationship between the location choices of potentially polluting firms and local income. Unlike previous research in the area of economic justice, we distinguish between pollution potential and actual releases of toxic substances in the locality. We explore the relationship...

We estimate the effects of industrial localization on the spatial persistence of employment in the software industry. Locations with an initial concentration of software employment retain an excess number of employees, beyond that expected from job turnover and job persistence at the...

This paper documents the existence of primary dealers’ losses in Treasury bond markets and investigates how these losses a¤ect dealers’ market value. Using a novel data set that tracks more than 2,350 primary-to-secondary transactions, we find that bond losses for primary dealers are...