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. First, we explore the role of commuting for local labor markets and their capacity to absorb productivity shocks. Second, we … address the role of housing markets for quantitative analyses. Germany is an exciting laboratory because commuting across …
Persistent link: https://www.econbiz.de/10013219058
. The profound change in urban mobility patterns supports the often-held view that reducing the number of commuting trips … their location in the long run toward longer commuting trips, but cheaper housing, implying an adjustment in the real … commuting trip length …
Persistent link: https://www.econbiz.de/10013323872
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not …
Persistent link: https://www.econbiz.de/10014357511
This paper analyzes subsidies for intracity and intercity commuting in an urban economics framework with two cities and … agglomeration externalities, where workers may commute within and between cities. First, commuting subsidies serve to internalize … agglomeration externalities: Intracity commuting subsidies give incentives to move to the larger city and intercity commuting …
Persistent link: https://www.econbiz.de/10010264377
argued that the cost of commuting to work should not be deductible as commuting does not increase taxable income. The …
Persistent link: https://www.econbiz.de/10010261065
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10013120659
This paper provides a critical review of models of the spread of the coronavirus (SARS-CoV-2) that have been influential in recent policy discussions. It notes potentially important features of the real- world environment that the standard models do not incorporate and discusses reasons why...
Persistent link: https://www.econbiz.de/10012833728
We examine 22 determinants of stock market correlations in a panel setting with 651 country pairs of developed economies over the 2001-2018 period, while accounting for model uncertainty and reverse causality. On the one hand, we find, that a number of determinants, well established in the...
Persistent link: https://www.econbiz.de/10014237624
-level complementarities implied by recent theory …
Persistent link: https://www.econbiz.de/10014347018
We study a simple model of commuting subsidies with two transport modes. City residents choose where to live and which …
Persistent link: https://www.econbiz.de/10010264111