We use data on wages and rents in different U.S. cities to assess the amenity effects on production and consumption of … consumption amenity or disamenity effects. As people and firms are mobile across cities in the long run, the model implies that …

Most cities enjoy some autonomy over how they tax their residents, and that autonomy is typically exercised by multiple …-OECD countries. We show that most cities are highly fragmented: urban areas with more than 500,000 inhabitants are divided into 74 … local jurisdictions on average. The vast majority of these cities are characterized by a central municipality that strongly …

substantial natural resource exports. Countries also attract more FDI if they have more medium-sized cities and primacy is not too … suffer from primacy. However, FDI is attracted if surrounding countries have fewer cities, restrictions on international … trade and low market potential (income per capita). We tentatively conclude that cities are important drivers of FDI and …

We propose a theory of skill mobility across cities. It predicts the well documented city size-wage premium: the wage … distribution in large cities first-order stochastically dominates that in small cities. Yet, because this premium is reflected in … skilled disproportionately sort into the biggest cities, while those with medium skill levels sort into small cities. The …

high-skill intensive sectors sort into larger locations. We demonstrate this for regions, agglomerations, cities, and for … skills, occupations, and sectors. The results are strongest for cities and skills, followed by agglomerations and occupations … cities are too small’ needs some qualification. …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … temporarily allow consumption to rise. Regarding housing returns, if housing assets are complementary to stocks, then investors … their consumption. …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … future stock returns to be higher, they will temporarily allow consumption to rise. Regarding housing returns, if housing … substitutes consumption will be temporarily reduced. …