Black, Dan; Kolesnikova, Natalia; Sanders, Seth G.; … - Federal Reserve Bank of St. Louis - 2009
prices, e.g., difierent local wages, housing prices, and prices of
other goods and services.1 We are interested in both of … those markets there are often sub-
stantial difierences in wages and housing prices. Theoretical reasoning in the urban … across cities. We designate the
rental price of housing pj per unit (j = 1;:::n). Wages also difier across location, and we …