Showing 1 - 10 of 86
We quantify the amount of spatial misallocation of labor across US cities and its aggregate costs. Misallocation arises because high productivity cities like New York and the San Francisco Bay Area have adopted stringent restrictions to new housing supply, effectively limiting the number of...
Persistent link: https://www.econbiz.de/10012238027
Are the well-known facts about urbanization in the United States also true for the developing world? We compare American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem to hold as well in Brazil as in the U.S., but China and...
Persistent link: https://www.econbiz.de/10012456671
consequences. This paper provides the first large-scale empirical estimates of how farmers respond to changes in groundwater costs … variation in the price of electricity, a key input into groundwater extraction, we find that farmers are very price responsive … switching and fallowing are the main channel through which farmers respond to increases in groundwater costs. Using a static …
Persistent link: https://www.econbiz.de/10012510584
The hedonic pricing method is one of the fundamental approaches used to estimate the economic value of attributes that affect the market price of an asset. In environmental economics, such methods are routinely used to derive the economic valuation of environmental attributes such as air...
Persistent link: https://www.econbiz.de/10012456264
American technological creativity is geographically concentrated in areas that are generally distant from the country's most persistent pockets of joblessness. Could a more even spatial distribution of innovation reduce American joblessness? Could Federal policies disperse innovation without...
Persistent link: https://www.econbiz.de/10012479862
Evidence of regional variation in health care utilization has been well-documented over the past 40 years. Yet uncertainty persists about whether this variation is primarily the result of supply-side or demand-side forces, and the difference matters for both theory and policy. In this article,...
Persistent link: https://www.econbiz.de/10012480690
This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region-industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...
Persistent link: https://www.econbiz.de/10012469661
A convincing analysis of the causal link between schooling and earnings requires an exogenous source of variation in education outcomes. This paper explores the use of college proximity as an exogenous determinant of schooling. Analysis of the NLS Young Men Cohort reveals that men who grew up in...
Persistent link: https://www.econbiz.de/10012474462
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
We study the drivers of geographic variation in US health care utilization, using an empirical strategy that exploits migration of Medicare patients to separate the role of demand and supply factors. Our approach allows us to account for demand differences driven by both observable and...
Persistent link: https://www.econbiz.de/10012457877