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Affluent towns often deliver high-quality public services to their residents. I estimate the willingness to pay to live in a high-income suburb, above and beyond the demand of wealthy neighbors, by measuring changes in housing prices across city-suburban borders as the income disparity between...
Persistent link: https://www.econbiz.de/10012759902
In the absence of a national carbon tax, household driving and electricity consumption impose social costs. Suburbanites drive more and consume more electricity than center city residents. If more suburbanites purchase electric vehicles (EV) and install solar panels, then their greenhouse gas...
Persistent link: https://www.econbiz.de/10013039856
This paper presents evidence that job suburbanization caused significant declines in black employment from 1970 to 2000. I document that, conditional on detailed job characteristics, blacks are less likely than whites to work in suburban establishments, and this spatial segregation is stable...
Persistent link: https://www.econbiz.de/10012916595
episodes of sustained rapid rise in equity prices in the 19th and 20th Centuries, and then assess the growth of real output … rapid real growth and productivity advance, suggesting that booms are driven at least partly by fundamentals. We find no … growth were above average …
Persistent link: https://www.econbiz.de/10013127756
importance of the U.S. In the early 1990s, the declining U.S. IPO share was due to the extraordinary growth of IPOs in foreign …
Persistent link: https://www.econbiz.de/10013127767
U.S. corporations owe taxes to the U.S. Treasury on income earned both inside and outside American borders. This paper examines the incentives created by the U.S. tax system for the legal avoidance of taxes on foreign source income. Using data from 1986 corporate tax returns, we investigate the...
Persistent link: https://www.econbiz.de/10013128014
Dun's Review began publishing monthly data on bankruptcies by branch of business during the 1890s. This essay reconstructs that series, links it to its successors, and discusses how it can be used for economic analysis
Persistent link: https://www.econbiz.de/10013128597
We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find that the transitory variance started to increase in the...
Persistent link: https://www.econbiz.de/10013129122
longevity improvement to measure the balanced-budget impact of continued growth in the Medicare and Medicaid programs. The model … growth in subsequent decades. The rising burden imposed by the public financing of health care expenditures may therefore … serve as a brake on health care spending growth …
Persistent link: https://www.econbiz.de/10013130266
U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle that challenges the economics of deregulation. I examine...
Persistent link: https://www.econbiz.de/10013130786