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Differences in both regional skill prices and skill mix can explain interregional variations in wage distributions. We control for interregional differences in skill mix that permit us to compute key parameters of regional wage distributions including regional returns to skills. In addition to...
Persistent link: https://www.econbiz.de/10005193253
Partially degenerate nested logit (NL) models have broad applicability in regional science. However, the literature on them is relatively sparse and confusion exists on some aspects of identification and related matters. This paper addresses a number of conceptual and econometric aspects of...
Persistent link: https://www.econbiz.de/10005139643
Population and employment in the 50 United States are found to be non-stationary and cointegrated. Vector error correction (VEC) models exhibit dynamics with adjustment to shocks essentially completed in "30-35 years". This contrasts with adjustment periods between "one and two centuries" for...
Persistent link: https://www.econbiz.de/10005655186