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The Complementarity between Cities and Skills
Glaeser, Edward L. - 2009
There is a strong connection between per worker productivity and metropolitan area population, which is commonly interpreted as evidence for the existence of agglomeration economies. This correlation is particularly strong in cities with higher levels of skill and virtually non-existent in less...
Persistent link: https://www.econbiz.de/10013158539
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The Wealth of Cities : Agglomeration Economies and Spatial Equilibrium in the United States
Glaeser, Edward L.; Gottlieb, Joshua D. - 2021
Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space. This condition implies that research on cities is different from research on countries, and that work on places within countries needs to consider population,...
Persistent link: https://www.econbiz.de/10013223339
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The Wage-Productivity Hypothesis : its Economic Consequences and Policy Implications
Stiglitz, Joseph E. - 2021
the wages they receive. In particular, we show that this hypothesis may explain the high urban wages and unemployment … control urbaxv'rural migration, but could control wages and urban employment, it would, in general, set wages and employment … into accounce, both In the determination of shadow wages to be used in cost benefit analysis and In the analysisis of the …
Persistent link: https://www.econbiz.de/10013226192
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A World of Cities : The Causes and Consequences of Urbanization in Poorer Countries
Glaeser, Edward L. - 2013
Historically, urban growth required enough development to grow and transport significant agricultural surpluses or a government effective enough to build an empire. But there has been an explosion of poor mega-cities over the last thirty years. A simple urban model illustrates that in closed...
Persistent link: https://www.econbiz.de/10013071513
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Learning in Cities
Glaeser, Edward L. - 2021
level of health in the economy rises. Empirical evidence on urban wages supports the" learning view of cities and a variety …
Persistent link: https://www.econbiz.de/10013246374
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Growth in Cities
Glaeser, Edward L.; Kallal, Hedi; Scheinkman, José; … - 2021
Recent theories of economic growth, including Romer (1986), Porter (1989) and Jacobs (1969), have stressed the role of technological spillovers in generating growth. Because such knowledge spillovers are particularly effective in cities, where communication between people is more extensive, data...
Persistent link: https://www.econbiz.de/10013229039
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Bayesian estimation of social welfare and tax progressivity measures
Duangkamon Chotikapanich; Creedy, John - 2000
Persistent link: https://www.econbiz.de/10001491428
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The Welfare Economics of Moral Hazard
Arnott, Richard J.; Stiglitz, Joseph E. - 2022
This paper shows that, except in certain limiting cases, competitive equilibrium with moral hazard is constrained inefficient. The first section compares the competitive equilibrium and the constrained social optimum in a fairly general model, and identifies types of market failure. Each of the...
Persistent link: https://www.econbiz.de/10014156811
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On the Almost Neutrality of Inflation : Notes on Taxation and the Welfare Costs of Inflation
Stiglitz, Joseph E. - 2021
In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax system were fully indexed and (b) that interest...
Persistent link: https://www.econbiz.de/10013228048
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
gap between urban and rural wages is huge, but the correlation between city size and earnings is modest. The cross …
Persistent link: https://www.econbiz.de/10012998418