Showing 1 - 10 of 461
We study how growth of cities determines the growth of nations. Using a spatial equilibrium model and data on 220 US metropolitan areas from 1964 to 2009, we first estimate the contribution of each U.S. city to national GDP growth. We show that the contribution of a city to aggregate growth can...
Persistent link: https://www.econbiz.de/10011276435
In this paper I explore optimal employment contract design in a random search framework, where workers search on and … off the job for employment opportunities similar to that of Lentz (2010) and Bagger and Lentz (2013). The worker … determines the frequency by which employment opportunities arrive through a costly choice of search intensity, which is …
Persistent link: https://www.econbiz.de/10010796538
innovation. In a model with full employment, we show that (a) if the elasticity of substitution is always less than or greater …
Persistent link: https://www.econbiz.de/10010960443
policies, such as mandating open-source technology, can make matters worse. …
Persistent link: https://www.econbiz.de/10011170273
worthwhile, not that they fail out or learn that they are more likely (than they previously believed) to fail out in the future …
Persistent link: https://www.econbiz.de/10010969261
Research increasingly shows that differences in endowments at birth need not be genetic but instead are influenced by environmental factors while the fetus is in the womb. In addition, these differences may persist well beyond childhood. In this paper, we study one such environmental factor -...
Persistent link: https://www.econbiz.de/10010969383
's educational achievement, and widening inequality in U.S. labor markets. …
Persistent link: https://www.econbiz.de/10010969391
This study examines the ethnic identity of authors in over 2.5 million scientific papers written by US-based authors from 1985 to 2008, a period in which the frequency of English and European names among authors fell relative to the frequency of names from China and other developing countries....
Persistent link: https://www.econbiz.de/10010969418
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10010950822
This paper asks whether disclosing wages to the public changes wage setting at the top of the public sector income distribution. I evaluate a 2010 California mandate that required cities to submit municipal salaries to the State, to be posted on a public website. City managers--typically the...
Persistent link: https://www.econbiz.de/10010950896