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We estimate an equilibrium model of residential sorting with endogenous traffic congestion to evaluate the efficiency and equity impacts of urban transportation policies. Leveraging fine-scale data on household travel diaries and housing transactions with home and work locations in Beijing, we...
Persistent link: https://www.econbiz.de/10012599302
In cities worldwide, the widespread use of single occupancy cars often leads to traffic congestion and its associated ill effects. Using high frequency data from Google Maps, we test whether high-occupancy vehicle (HOV) policies can be an effective tool to combat congestion. Using the unexpected...
Persistent link: https://www.econbiz.de/10012455386
We characterize optimal urban transportation policies in the presence of congestion and environmental externalities and evaluate their welfare and distributional effects. We present a framework of a municipal government that implements different transportation equilibria through its choice of...
Persistent link: https://www.econbiz.de/10014512039
We develop novel estimates of peak and off-peak price elasticities for urban mass transit demand in San Francisco using a large natural experiment with 3.6 million trip sessions and a natural field experiment that both have exogenous price subsidies. We then estimate the welfare impacts for...
Persistent link: https://www.econbiz.de/10014337861
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Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
Is the expansion of jobs in low-wage services in Europe restricted by high wages? With services now the main sector source of employment growth this question becomes crucial and we examine it through a detailed comparison of the role of low-wage services in the US and Germany. We find a clear...
Persistent link: https://www.econbiz.de/10012471159