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such transitions local population may be far away from its steady-state level but local wages and housing prices remain … supply imply steady-state population flows from high productivity to high quality-of-life economies. In addition, consumption … smoothing causes steady-state population density to be history dependent. Empirical evidence suggests that some time around 1930 …
Persistent link: https://www.econbiz.de/10005410841
Illegal immigration and border enforcement in the United States have increased concomitantly for over thirty years. One interpretation is that U.S. border policies have been ineffective. We offer an alternative view, extending the current immigration-enforcement literature by incorporating both...
Persistent link: https://www.econbiz.de/10005410686
The neoclassical growth model is extended to allow for mobile labor. Following a negative shock to a small economy's capital stock, capital and labor frictions effect an equilibrium transition path during which wages remain below their steady-state level. Outmigration directly contributes to...
Persistent link: https://www.econbiz.de/10005515045
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Complete survey with statistical summaries of responses
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Population density varies widely across U.S. cities. A calibrated general equilibrium model in which productivity and … labor, mobile capital, and non-mobile land. An eight-fold increase in population density requires an approximate 50 percent … productivity differential or an approximate 20 percent compensating differential. A thirty-two-fold increase in population density …
Persistent link: https://www.econbiz.de/10005410762
Population density varies widely across U.S. cities. A simple, static general equilibrium model suggests that moderate … sustain above-average population densities considerably exceeds estimates of the increase in productivity caused by such high … density. In contrast, increasing returns to scale may be able to sustain multiple equilibria at below-average population …
Persistent link: https://www.econbiz.de/10005410823
increasing valuation of weather's contribution to quality of life. Cross-sectional population growth regressions are able to …
Persistent link: https://www.econbiz.de/10005724295