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This chapter examines the hedonic analysis of housing markets. These techniques have been widely applied in studies of the demand for housing attributes and environmental amenities. The chapter discusses the theoretical foundation of such analysis, the use of hedonic estimates of demand for...
Persistent link: https://www.econbiz.de/10005124882
This paper evaluates 'new economic geography' theory by comparing it with a competing non-nested model derived from urban economics. Using bootstrap inference and the J-test, the paper shows that while NEG theory is supported by the data, it needs to be modified to achieve this, and it is not...
Persistent link: https://www.econbiz.de/10005556190
The transportation system is a fundamental component of the urban economic development, with its generating feature of negative supply externalities standing out (and, as a result, of the satisfied demand for some kind of this supply’s structure) related to congestion and environmental...
Persistent link: https://www.econbiz.de/10005118977
Now that four years have passed since the introduction of the euro as a commercial currency, it has become possible to assess many arguments made in the abstract during the 1990s about the implications of monetary union. This contribution does precisely that. In brief, the euro zone still falls...
Persistent link: https://www.econbiz.de/10005124952
have positive impacts on young women's wages. We find evidence of ability sorting, but controlling for ability, women who … attend higher quality colleges earn higher wages. Women receive smaller gains from college quality than do men; black women … earn more than those who attend public colleges, and women earn lower wages, the higher the proportion of their college …
Persistent link: https://www.econbiz.de/10005125045
have substantial positive impacts on young men's wages. This finding is robust to a wide array of alternative …
Persistent link: https://www.econbiz.de/10005125048
wages. We find that the training rate of workers just above 40 is about 15-20 percent higher than the training rate of …
Persistent link: https://www.econbiz.de/10005125714
This paper compares the role of technological change with that of trade in explaining the increased demand for skilled workers. The paper shows technology has played the dominant role in changing employment patterns in Australia. The finding is consistent across industries, including those...
Persistent link: https://www.econbiz.de/10005125725
This paper aims at analysing the relation between competitiveness and economic growth for the period 1995-2000 (2002 for some variables). To this aim we analyse the evolution of the unit labour cost by sector (‘traded’ and ‘non-traded’ sector) and decomposition between the unit labour...
Persistent link: https://www.econbiz.de/10005125734
An obvious answer to this question is the capital-skill complementarity hypothesis originally proposed by Zwi Griliches (1969). But the relatively poor performance of this hypothesis suggests that other explanations are needed. Here we consider the labour union behaviour in the wage bargaining...
Persistent link: https://www.econbiz.de/10005125811