Coşar, Kerem; Demir, Banu; Ghose, Devaki; Young, Nathaniel - 2021
transactions, we estimate a large positive impact of reduced travel times on trade as well as local manufacturing employment and … employment-to-population ratio but had no effect on local population. We extend the model by endogenizing the labor supply … decision to capture this finding. The model-implied elasticity of employment rates to travel time reductions captures about one …