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Who Benefits from Productivity Growth? Direct and Indirect Effects of Local TFP Growth on Wages, Rents, and Inequality
Hornbeck, Richard - 2018
We estimate direct and indirect effects of total factor productivity growth in manufacturing on US workers' earnings, housing costs, and purchasing power. Drawing on four alternative instrumental variables, we consistently find that when a city experiences productivity gains in manufacturing,...
Persistent link: https://www.econbiz.de/10012917592
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Does the Environment Still Matter? Daily Temperature and Income in the United States
Deryugina, Tatyana - 2014
It is widely hypothesized that incomes in wealthy countries are insulated from environmental conditions because individuals have the resources needed to adapt to their environment. We test this idea in the wealthiest economy in human history. Using within-county variation in weather, we estimate...
Persistent link: https://www.econbiz.de/10013040229
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State-Dependent or Time-Dependent Pricing : Does it Matter for Recent U.S. Inflation?
Klenow, Peter J.; Kryvtsov, Oleksiy - 2021
Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those price changes). The variance of inflation over time can be decomposed into contributions from each margin. The extensive margin figures...
Persistent link: https://www.econbiz.de/10013243659
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Housing Inequality
Albouy, David - 2016
. Subsequently, housing-price inequality has risen to pre-War levels, while rent inequality has risen less. Combining both measures …
Persistent link: https://www.econbiz.de/10013000510
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Shifts in U.S. Relative Wages : The Role of Trade, Technology and Factor Endowments
Baldwin, Robert E. - 2010
This paper investigates three hypotheses to account for the observed shifts in U.S. relative wages of less educated compared to more educated workers between 1967 and 1992: increased import competition, changes in the relative supplies of labor of different education levels and changes in...
Persistent link: https://www.econbiz.de/10012763662
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Airports and Urban Growth : Evidence from a Quasi-Natural Policy Experiment
Blonigen, Bruce A. - 2012
While significant work has been done to examine the determinants of regional development, there is little evidence on the contribution of air services toward this outcome. This paper exploits the unexpected market changes induced by the 1978 Airline Deregulation Act to bring new evidence on the...
Persistent link: https://www.econbiz.de/10013102197
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The Economics of "Radiator Springs : " Industry Dynamics, Sunk Costs, and Spatial Demand Shifts
Campbell, Jeffrey R. - 2016
Interstate Highway openings were permanent, anticipated demand shocks that increased gasoline demand and sometimes shifted it spatially. We investigate supply responses to these demand shocks, using county-level observations of service station counts and employment and data on highway openings'...
Persistent link: https://www.econbiz.de/10012990781
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Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
Allcott, Hunt - 2014
Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and...
Persistent link: https://www.econbiz.de/10013047033
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Real Wage Inequality
Moretti, Enrico - 2010
A large literature has documented a significant increase in the difference between the wage of college graduates and high school graduates over the past 30 years. I show that from 1980 to 2000, college graduates have experienced relatively larger increases in cost of living, because they have...
Persistent link: https://www.econbiz.de/10012758329
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The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality : Evidence from San Francisco
Diamond, Rebecca - 2018
We exploit quasi-experimental variation in assignment of rent control to study its impacts on tenants, landlords, and … the overall rental market. Leveraging new data tracking individuals' migration, we find rent control increased renters …' probabilities of staying at their addresses by nearly 20%. Landlords treated by rent control reduced rental housing supply by 15 …
Persistent link: https://www.econbiz.de/10012930853