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We study the importance of firm sorting for spatial inequality. If productive locations are able to attract the most productive firms, then firm sorting acts as an amplifier of spatial inequality. We develop a novel model of spatial firm sorting, in which heterogeneous firms first choose a...
Persistent link: https://www.econbiz.de/10013462686
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
From the beginning of the Covid-19 pandemic to late 2021, international immigration flows to the US decreased significantly. We document the timing and the characteristics of these significant changes in flows, their evolution until late 2022 and their geographic and sector distribution. We...
Persistent link: https://www.econbiz.de/10013477303
earnings. Starting from a model with employer and employee fixed effects, we estimate the average earnings premiums associated …
Persistent link: https://www.econbiz.de/10014337820
contributions of earnings and home prices to the noted overall decline in internal migration. These analyses show that wages on … earnings levels in potential destination CZs. However, these wage effects have been more than offset by housing related factors …
Persistent link: https://www.econbiz.de/10014486215
-pecuniary measures with realized location and earnings outcomes to characterize inequality in overall welfare …
Persistent link: https://www.econbiz.de/10014486219
This paper introduces the concept of "climate matching" as a driver of migration and establishes several new results. First, we show that climate strongly predicts the spatial distribution of immigrants in the US, both historically (1880) and more recently (2015), whereby movers select...
Persistent link: https://www.econbiz.de/10014468235
Large shocks to local labor markets can cause long-lasting changes to employment, unemployment and the local labor force. This study examines the relationship between mass layoffs and the long-run size of the local labor force. It considers four main channels through which the local labor force...
Persistent link: https://www.econbiz.de/10012457051
This paper extends the literature on monopsony and labor market concentration by taking a task-based approach and estimating the causal effect of concentration in the demand for skills on labor market outcomes. The prior literature has focused on industry and occupation concentration and likely...
Persistent link: https://www.econbiz.de/10013537717
Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This … was massive: accounting for earnings retained in the corporate sector leads to more than doubling of the share of income … of top 0.1% in some years. Furthermore, adjusting for retained earnings stabilizes the composition of the top income …
Persistent link: https://www.econbiz.de/10012455792