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Learning and Expectations in Dynamic Spatial Economies

Fan, Jingting; Hong, Sungwan; Parro, Fernando - National Bureau of Economic Research - 2023

The impact of shocks in dynamic environments depends on how forward-looking agents anticipate the path of future fundamentals that shape their decisions. We incorporate flexible beliefs about future fundamentals in a general class of dynamic spatial models, allowing beliefs to be evolving,...

Persistent link: https://www.econbiz.de/10014322891

Clean Growth

Arkolakis, Costas; Walsh, Conor - National Bureau of Economic Research - 2023

We provide a spatial theory of clean growth to assess the global impact of the rise of renewable energy. We model the details of the combined production and transmission network of electricity ("the grid") that determine the supply and losses of energy in space. The local rate of clean energy...

Persistent link: https://www.econbiz.de/10014337847

Immigrant Entrepreneurship : New Estimates and a Research Agenda

Chodavadia, Saheel; Pekkala Kerr, Sari; Kerr, William R.; … - National Bureau of Economic Research - 2024

Immigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of immigrant founders, their economic impact, and policy levers....

Persistent link: https://www.econbiz.de/10014544679

Measuring Information Frictions in Migration Decisions : A Revealed-Preference Approach

Porcher, Charly; Morales, Eduardo; Fujiwara, Thomas - National Bureau of Economic Research - 2024

We investigate the role of information frictions in migration. We develop novel moment inequalities to estimate worker preferences while allowing for unobserved worker-specific information sets, migration costs, and location-specific amenities and prices. Using data on internal migration in...

Persistent link: https://www.econbiz.de/10014544692

Location, Location, Location

Card, David E.; Rothstein, Jesse; Yi, Moises - National Bureau of Economic Research - 2023

We use data from the Longitudinal Employer-Household Dynamics program to study the causal effects of location on earnings. Starting from a model with employer and employee fixed effects, we estimate the average earnings premiums associated with jobs in different commuting zones (CZs) and...

Persistent link: https://www.econbiz.de/10014337820

The Determinants of Declining Internal Migration

Olney, William W.; Thompson, Owen - National Bureau of Economic Research - 2024

Internal migration in the United States has declined substantially over the past several decades, which has important implications for individual welfare, macroeconomic adjustments, and other key outcomes. This paper studies the determinants of internal migration and how they have changed over...

Persistent link: https://www.econbiz.de/10014486215

Contrasting the Local and National Demographic Incidence of Local Labor Demand Shocks

Mansfield, Richard - National Bureau of Economic Research - 2024

This paper examines how spatial frictions that differ among heterogeneous workers and establishments shape the geographic and demographic incidence of alternative local labor demand shocks, with implications for the appropriate level of government at which to fund local economic initiatives....

Persistent link: https://www.econbiz.de/10014635669

When Cryptomining Comes to Town : High Electricity-use Spillovers to the Local Economy

Benetton, Matteo; Compiani, Giovanni; Morse, Adair - National Bureau of Economic Research - 2023

Cryptomining, the clearing of cryptocurrency transactions, uses large quantities of electricity. We document that cryptominers' use of local electricity implies higher electricity prices for existing small businesses and households. Studying the electricity market in Upstate NY and using the...

Persistent link: https://www.econbiz.de/10014322700

The Search for Good Jobs : Evidence from a Six-year Field Experiment in Uganda

Bandiera, Oriana; Bassi, Vittorio; Burgess, Robin; … - National Bureau of Economic Research - 2023

: vocational training, vocational training combined with matching youth to firms, and matching only. Training is offered in sectors … with high quality firms. The matching intervention assigns workers for interviews with such firms. At baseline, unskilled … firms. However, youth additionally offered matching become discouraged because call back rates from firm owners are far …

Persistent link: https://www.econbiz.de/10014337802

Spatial Production Networks

Arkolakis, Costas; Huneeus, Federico; Miyauchi, Yuhei - National Bureau of Economic Research - 2023

matching frictions are important for aggregate trade flows and production networks. Endogenous formation of production networks …

Persistent link: https://www.econbiz.de/10014226151

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