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consequences of productivity differences across local labor markets. I seek to understand what happens to the wage, employment and … utility of workers with different skill levels when a local economy experiences a shift in the productivity of a group of … workers. Second, I analyze the causes of productivity differences across local labor markets. To a large extent, productivity …
Persistent link: https://www.econbiz.de/10008468706
We estimate the effects of major roads and public transit on the growth of major cities in the US between 1980 and 2000. We find that a 10% increase in a city’s stock of roads causes about a 2% increase in its population and employment and a small decrease in its share of poor households over...
Persistent link: https://www.econbiz.de/10005792014
Why do cities grow in population, surface area, and income per person? Which cities grow faster and why? To these questions, the urban growth literature has offered a variety of answers. Within an integrated framework, this chapter reviews key theories with implications for urban growth. It then...
Persistent link: https://www.econbiz.de/10011084574
pension system in a context of uncertainty about profits and productivity and of strong popular support for the protection of …
Persistent link: https://www.econbiz.de/10005136543
We highlight the role of commuting cost, location and housing market in crime decision. By assuming that all crimes are committed in the central business district and that criminals create both positive and negative externalities to each other, we find that high wages or large levels of police...
Persistent link: https://www.econbiz.de/10005067621
Does Islamic terrorism have an effect on the general attitudes towards Muslim minorities? We use the murder of Theo van Gogh as an event study to address this question. Specifically, we use the hedonic-market model and test for an effect on listed house prices in neighbourhoods where more than...
Persistent link: https://www.econbiz.de/10005497845
Housing transactions by owner-occupiers take two steps, purchase of a new property and sale of the old housing unit. This paper shows how the transaction sequence decision of owner-occupiers depends on, and in turn, affects housing market conditions in an equilibrium search-and-matching model of...
Persistent link: https://www.econbiz.de/10011145449
Houses and apartments sold in New York and New Jersey at prices above $1 million are subject to the so-called 1% “mansion tax" imposed on the full value of the transaction. This policy generates a discontinuity (a “notch") in the overall tax liability. We rely on this and other...
Persistent link: https://www.econbiz.de/10011145455
Using data on house sales and inventories of unsold houses, this paper shows that changes in sales volume are largely explained by changes in the frequency at which houses are put up for sale rather than changes in the length of time taken to sell them. Thus the decision to move house is key to...
Persistent link: https://www.econbiz.de/10011145462
We study the joint dynamics of foreign capital flows and real activity during the recent boom-bust cycle of the Spanish economy, using a three-country New Keynesian model with credit constrained households and firms, a construction sector and a government. We estimate the model using...
Persistent link: https://www.econbiz.de/10011083472