Showing 1 - 10 of 26
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by over 90% in real terms, and there is little reason to doubt that this decline will continue....
Persistent link: https://www.econbiz.de/10012468811
The paper develops a tractable econometric model of optimal migration, focusing on expected income as the main economic influence on migration. The model improves on previous work in two respects: it covers optimal sequences of location decisions (rather than a single once-for-all choice), and...
Persistent link: https://www.econbiz.de/10012469115
of the Tiebout hypothesis using historical variation in mobility costs. Our extension of the Tiebout model to incorporate … such costs yields the following comparative statics: as mobility costs fall, the heterogeneity across communities of … mobility costs have fallen over time, a natural test of the Tiebout hypothesis is to take these predictions to the data here …
Persistent link: https://www.econbiz.de/10012470790
We estimate the career and location preferences of students in U.S. doctoral programs in a major STEM field - chemistry. Our analysis is based on novel survey conducted in 2017 of 1,605 current Chemistry doctoral students enrolled in the top 54 U.S. research intensive universities. First, we...
Persistent link: https://www.econbiz.de/10012452883
We introduce a reduced-form modeling framework for mortgage-backed securities in which we solve for the implied prepayment function from the cross section of market prices. From the implied prepayment function, we find that prepayment rates are driven not only by interest rates, but also by two...
Persistent link: https://www.econbiz.de/10012456578
affect rates of teacher turnover--an important determinant of school quality. We find that male teachers are about 12% more …
Persistent link: https://www.econbiz.de/10012480914
firms, but this may not hold in teacher labor markets characterized by salary rigidities, barriers to entry, and substantial … is the possibility that teacher turnover adversely affects the quality of instruction in schools serving predominantly …
Persistent link: https://www.econbiz.de/10012462834
respond to the strength of contract incentives. Accordingly, we consider the response of teacher hours to accountability and … hours, we find no association between the introduction of accountability legislation and the change in teacher hours. We …
Persistent link: https://www.econbiz.de/10012466701
Much of education policy focuses on improving teacher quality, but most policies lack strong research support. We use … student achievement gains to estimate teacher value-added, our measure of teacher quality. The analysis reveals substantial … variation in the quality of instruction, most of which occurs within rather than between schools. Although teacher quality …
Persistent link: https://www.econbiz.de/10012467531
large gaps in our understanding of how teacher labor markets function. Most research on teacher labor markets use models … private sector. Collective bargaining and public decision making processes set teacher salaries. Thus it is unlikely that … develop and estimate a model that more accurately characterizes the institutional features of teacher labor markets. The …
Persistent link: https://www.econbiz.de/10012468819