Showing 1 - 10 of 64
We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...
Persistent link: https://www.econbiz.de/10011084303
This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...
Persistent link: https://www.econbiz.de/10011084674
We use data on wages and rents in different US cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10005792376
People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of spatial economics, while the second has been analyzed in finance. Spatial asset pricing is an attempt to combine equilibrium concepts from both disciplines. In the finance...
Persistent link: https://www.econbiz.de/10008468506
Paul Krugman has clarified the microeconomic underpinnings of both spatial economic agglomerations and regional imbalances at national and international levels. He has achieved this with a series of remarkably original papers and books that succeed in combining imperfect competition, increasing...
Persistent link: https://www.econbiz.de/10005497703
This article attempts a formal analysis of the connection between property tax and urban sprawl in U.S. cities. We develop a theoretical model that includes households (who are also landlords) and land developers in a regional land market. We then test the model empirically based on a national...
Persistent link: https://www.econbiz.de/10005067619
Swedish census data and tax records reveal an astonishing wage compression; the Swedish skill premium fell by more than 30 percent between 1970 and 1990 while the U.S. skill premium, after an initial decline in the 1970s, rose by 8-10 percent. Since then both skill premia have increased by...
Persistent link: https://www.econbiz.de/10005661889
China was the largest economy in the world before the end of the 19th century; then became one of the poorest countries … in the world in a few decades. Now China is returning to its historical past. To understand China’s development, and to … understand where and how far China will move forward, this paper examines how its institution functioning. …
Persistent link: https://www.econbiz.de/10011145429
Import competition from China is pervasive in the sense that for many good categories, the competitive environment that …
Persistent link: https://www.econbiz.de/10011145441
In this paper we provide an overview of China’s human capital strategy and educational achievements over the last two … decades. While every one acknowledges China as an economic superpower, very few are aware of or realize China’s notable … Chinese modern higher education system China has made tremendous strides in education both domestically and internationally …
Persistent link: https://www.econbiz.de/10009002385