Showing 1 - 10 of 1,971
In this paper we investigate relationships between trade, wages, and the rewards to skill for U.S. workers during the … countries, and primary producers -- and we estimate the correlation of these trade flows with several types of wage premiums …, using conditioning methods that separate pure wage premiums from the return to education industry by industry. We find that …
Persistent link: https://www.econbiz.de/10012472143
who are reemployed in the remaining manufacturing and non-trade sectors. The results show that relative wages of workers … force growth and export sector wage premiums, given unitary elasticities of demand and of substitution between workers with … different levels of education, relative wages of workers with some college education rise by 3.5 percent, while the real wages …
Persistent link: https://www.econbiz.de/10012473212
transactions, we estimate a large positive impact of reduced travel times on trade as well as local manufacturing employment and … wages. A quantitative exercise using a workhorse model of spatial equilibrium implies heterogeneous effects across locations … employment-to-population ratio but had no effect on local population. We extend the model by endogenizing the labor supply …
Persistent link: https://www.econbiz.de/10012629448
We develop a general equilibrium geographic framework to characterize the welfare effect of transportation infrastructure investments. We tackle three distinct but conflating challenges: First, we offer an analytical characterization of the routing problem and, in particular, how infrastructure...
Persistent link: https://www.econbiz.de/10012479443
Previous work on transportation investments has focused on average impacts in high- and middle-income countries. We estimate average and heterogeneous effects in a poor continent, Africa, using roads and cities data spanning 50 years in 39 countries. Using changes in market access due to distant...
Persistent link: https://www.econbiz.de/10012481218
How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new light on these questions, this paper uses archival data from colonial India to investigate the impact of India's vast railroad network. Guided by four predictions from a general...
Persistent link: https://www.econbiz.de/10012462170
The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network. Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs. He argued it could be implemented by...
Persistent link: https://www.econbiz.de/10012462664
We investigate the relationship between interstate highways and highway vehicle kilometers traveled (VKT) in US cities. We find that VKT increases proportionately to highways and identify three important sources for this extra VKT: an increase in driving by current residents; an increase in...
Persistent link: https://www.econbiz.de/10012463274
The state of Indiana set out to build a Mammoth system of canals, railroads, and turnpikes in 1836, after a decade of intense debate in which sectional rivalries prevented any state action. This paper investigates the role played by the adoption of an ad valorem property tax in ameliorating the...
Persistent link: https://www.econbiz.de/10012470144
Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...
Persistent link: https://www.econbiz.de/10012454996