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cluster together, turning location into a self-reinforcing process. However, agglomeration raises the price of immobile local …
Persistent link: https://www.econbiz.de/10010745164
Higher ability workers benefit more from bigger cities while housing costs there are higher for everyone, and yet there is little sorting on ability. A possible explanation is that young individuals have an imperfect assessment of their ability, and, when they learn about it, early decisions...
Persistent link: https://www.econbiz.de/10011126686