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Welfare Effects of Property Taxation
Löffler, Max; Siegloch, Sebastian - 2021
We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax incidence depends on how housing prices, labor and other types of incomes as well as public services respond to property tax changes. Empirically, we exploit the German...
Persistent link: https://www.econbiz.de/10012597341
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Unaffordable Housing and Local Employment Growth: Evidence from California Municipalities
Chakrabarti, Ritashree; Zhang, Junfu - 2014
It is widely believed that unaffordable housing could drive businesses away and thus impede job growth. However, there is little evidence to support this view. This paper presents a simple model to clarify how housing affordability is linked to employment growth and why unaffordable housing...
Persistent link: https://www.econbiz.de/10010352254
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Comparative Advantage and Agglomeration of Economic Activity
Pflüger, Michael P.; 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/10011559701
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The Pure Effect of Social Preferences on Regional Location Choices: The Evolving Dynamics of Convergence to a Steady State Population Distribution
Stark, Oded; Budzinski, Wiktor; Kosiorowski, Grzegorz - 2019
, holding their incomes constant. Conditions are provided under which the associated dynamics reaches a spatial steady state …, the number of periods it takes to reach a steady state is specified, and light is shed on the robustness of the steady … state outcome. By way of simulation it is shown that for large populations, a steady state of the relocation dynamics is …
Persistent link: https://www.econbiz.de/10012006031
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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 fundamental component of both the economic geography of modern societies and the perpetuation of innovation and economic growth at a national level. Cities account for vast majorities...
Persistent link: https://www.econbiz.de/10010269597
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Optimal Spatial Taxation: Are Big Cities Too Small?
Eeckhout, Jan; Guner, Nezih - 2015
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...
Persistent link: https://www.econbiz.de/10010481681
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Wages, Rents and Heterogeneous Moving Costs
Krupka, Douglas J.; Donaldson, Kwame - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
The model of compensating differentials in regional labor markets was developed by Roback(1982). The model interprets regional differences in constant quality wages and rents ascompensating firms and residents for inter-regional differences in amenities. The modelassumes that the costs of...
Persistent link: https://www.econbiz.de/10005861156
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Unaffordable Housing and Local Employment Growth: Evidence from California Municipalities
Chakrabarti, Ritashree; Zhang, Junfu - Institute for the Study of Labor (IZA) - 2014
It is widely believed that unaffordable housing could drive businesses away and thus impede job growth. However, there is little evidence to support this view. This paper presents a simple model to clarify how housing affordability is linked to employment growth and why unaffordable housing...
Persistent link: https://www.econbiz.de/10010884184
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Wages, Rents and Heterogeneous Moving Costs
Krupka, Douglas James; Donaldson, Kwame - Institute for the Study of Labor (IZA) - 2007
The model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of...
Persistent link: https://www.econbiz.de/10005233845
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On Amenities, Natural Advantage and Agglomeration
Krupka, Douglas J. - Institute for the Study of Labor (IZA) - 2008
A prominent feature of economic geography in America is the positive correlation amongst local incomes, housing costs and city population. This paper embeds a “black box” agglomeration economy within a more neoclassical general equilibrium model of local wages, rents and population to assess...
Persistent link: https://www.econbiz.de/10005822201