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Welfare benefits of agglomeration and worker heterogeneity
Teulings, Coen N.; Ossokina, Ioulia V.; Groot, Henri L. … - 2014
The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...
Persistent link: https://www.econbiz.de/10010394598
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Some evidence on the nature of urbanization economies
Krupka, Douglas J. - 2009
Urbanization economies - the effects on productivity and utility created endogenously by larger cities - are a …. Krupka (2008) presents a general model in which exogenous variation in local productivity ("natural advantage") and …/resident happiness and/or reducing productivity of employers. -- Agglomeration ; urbanization economies ; congestion ; regional …
Persistent link: https://www.econbiz.de/10003919879
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Climate amenities, climate change, and American quality of life
Albouy, David; Graf, Walter; Kellogg, Ryan; Wolff, Hendrik - 2013
We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not...
Persistent link: https://www.econbiz.de/10009729699
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Inflation and welfare in long-run equilibrium with firm dynamics
Janiak, Alexandre; Monteiro, Paulo Santos - 2009
establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. -- Firm dynamics …
Persistent link: https://www.econbiz.de/10003916989
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Comparative advantage and agglomeration of economic activity
Pflüger, Michael; Tabuchi, Takatoshi - 2016
The division of labor between and within countries is driven by two fundamental forces, comparative advantage and increasing returns. We set up a simple Ricardian model with a Marshallian input sharing mechanism to study their interplay. The key insight that emerges is that the interaction...
Persistent link: https://www.econbiz.de/10011543995
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Cities and tasks
Koster, Hans; Ozgen, Ceren - 2021
This paper explores the relationship between routine-biased technological change and agglomeration economies. Using administrative data from the Netherlands, we first show that in dense areas, jobs are less routine-task intensive (i.e. less repetitive and automatable), meaning that jobs cover a...
Persistent link: https://www.econbiz.de/10012493781
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Employment impacts of the COVID-19 pandemic across metropolitan status and size
Cho, Seung Jin; Lee, Jun Yeong; Winters, John V. - 2020
We examine effects of the COVID-19 pandemic on employment losses across metropolitan area status and population size. Non-metropolitan and metropolitan areas of all sizes experienced significant employment losses, but the impacts are much larger in large metropolitan areas. Employment losses...
Persistent link: https://www.econbiz.de/10012249394
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Endogenous local labour markets, regional aggregation and agglomeration economies
Meekes, Jordy; Hassink, Wolter H. J. - 2019
This paper examines the role of regional aggregation in measuring agglomeration externalities. Using Dutch administrative data, we define local labour markets (LLMs) based on the worker's commuting outcomes, gender and educational attainment, and show that high-educated workers and male workers...
Persistent link: https://www.econbiz.de/10012136998
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Assimilation patterns in cities
Satō, Yasuhiro; Zenou, Yves - 2019
higher productivity and wages with a greater social distance to their culture of origin. We show that "oppositional" ethnic … transportation cost decreases rather than increases assimilation in cities. We also find that when there are more productivity …
Persistent link: https://www.econbiz.de/10012133890
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Local labor markets
Moretti, Enrico - 2010
consequences of productivity differences across local labor markets. I seek to understand what happens to the wage, employment and … utility of workers with different skill levels when a local economy experiences a shift in the productivity of a group of … workers. Second, I analyze the causes of productivity differences across local labor markets. To a large extent, productivity …
Persistent link: https://www.econbiz.de/10003959451