existing paved road network is expanded significantly? We investigate this question for the case of Turkey, which undertook a … large-scale public investment in roads during the 2000s. Using spatially disaggregated data on road upgrades and domestic …

transport costs depend on congestion and on the infrastructure in each link, giving rise to an optimal transport problem in … to assess optimal investments and inefficiencies in observed road networks in 25 European countries. The counterfactuals … suggest larger gains from road network expansion and larger losses from misallocation of current roads in lower …

possible to implement a socially optimal allocation using a social security system in which taxes on wealth are linear, and …

We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general …-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only … losses. Firing costs equivalent to 5 year's wages imply a drop in TFP of more than 20 percent. Factor misallocation accounts …

Which Americans experience the worst infrastructure? What are the costs of living with that infrastructure? We measure … road roughness throughout America using vertical acceleration data from Uber rides across millions of American roads. Our … measure correlates strongly and positively with other measures of road roughness where they are available, negatively with …

worth around $4.1 trillion dollars in 2016 and had an annualized value that was higher than the total variable costs of the …

streets. We compare BEA's capital measures with more readily understood physical measures of road and lane miles, road quality …

We use longitudinal data describing couples in Australia from 2001-12 and Germany from 2002-12 to examine how … equivalent of the costs of the extra time stress is very large. While the departure of a child from the home reduces parents …

highly correlated and have lower means. Solving the dynamic asset allocation problem for a CCRA investor, we show … international diversification is still valuable with regime changes. Currency hedging imparts further benefit. The costs of ignoring …