Similar Search Results

Compensating Differentials in Emerging Labor and Housing Markets: Estimates of Quality of Life in Russian Cities

Berger, Mark C.; Blomquist, Glenn C.; Peter, Klara … - Institute for the Study of Labor (IZA) - 2003

The existence of compensating differentials in Russian labor and housing markets is examined using data from the Russian Longitudinal Monitoring Survey (RLMS) augmented by city and regional-specific characteristics from other sources. While Russia is undergoing transition to a market economy, we...

Persistent link: https://www.econbiz.de/10005763711

Capital structure, investment, and fire sales

Gale, Douglas; Gottardi, Piero - London School of Economics (LSE) - 2014

We study a dynamic general equilibrium model in which firms choose their investment level and their capital structure, trading off the tax advantages of debt against the risk of costly default. The costs of bankruptcy are endogenously determined, as bankrupt firms are forced to liquidate their...

Persistent link: https://www.econbiz.de/10011170093

Greek fiscal crisis and repercussions for the property market

Vlamis, Prodromos - London School of Economics (LSE) - 2013

The aim of the paper is to present a review of the fiscal imbalances and debt crisis in Greece and identify the possible links with the recent developments in the Greek property market. We follow a non-technical approach to discuss a number of factors that have contributed to the fiscal crisis...

Persistent link: https://www.econbiz.de/10011071100

Agglomeration and Tax Competition

Borck, Rainald; Pflüger, Michael - Institute for the Study of Labor (IZA) - 2004

competition models. The agglomeration rent which accrues to the mobile factor in the core region can be taxed. Moreover, a tax … addition to core-periphery equilibria, exhibits stable equilibria with partial agglomeration. We show that a tax differential … may arise as an equilibrium of the tax game even when there is only partial agglomeration and the mobile factor does not …

Persistent link: https://www.econbiz.de/10005763719

Agglomeration in a global economy: a survey

Ottaviano, Gianmarco I. P.; Puga, Diego - London School of Economics (LSE) - 1997

cluster together, turning location into a self-reinforcing process. However, agglomeration raises the price of immobile local …

Persistent link: https://www.econbiz.de/10010745164

A Simple, Analytically Solvable Chamberlinian Agglomeration Model

Pflüger, Michael - Institute for the Study of Labor (IZA) - 2001

This paper presents a simple, analytically solvable Chamberlinian agglomeration model. As in the canonical core …

Persistent link: https://www.econbiz.de/10005566532

Estimating the Size of External Effects of Energy Subsidies

Commander, Simon; Nikoloski, Zlatko; Vagliasindi, Maria - Institute for the Study of Labor (IZA) - 2015

(agriculture). Our focus is mainly on the costs associated with congestion and pollution as well the impact of under-priced energy … indicative estimates of the external costs of energy subsidies, as manifested in congestion and pollution. Our estimates using …

Persistent link: https://www.econbiz.de/10011220719

Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies

den Berg, Gerard J. van - Institute for the Study of Labor (IZA) - 2003

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...

Persistent link: https://www.econbiz.de/10005703158

Regional Policy Evaluation: Interactive Fixed Effects and Synthetic Controls

Gobillon, Laurent; Magnac, Thierry - Institute for the Study of Labor (IZA) - 2013

In this paper, we investigate the use of interactive effect or linear factor models in regional policy evaluation. We contrast treatment effect estimates obtained by Bai (2009)'s least squares method with the popular difference in difference estimates as well as with estimates obtained using...

Persistent link: https://www.econbiz.de/10010884250

Regional convergence clusters across Europe

Megir, Costas; Quah, Danny - London School of Economics (LSE) - 1995

Per capita incomes across European regions are not equal and do not stay constant; regional income distributions uctuate over time. Such a process could have many possible limiting outcomes: complete equal- ity (convergence), stratication, and continually increasing inequality are but three...

Persistent link: https://www.econbiz.de/10010884518