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A key reason for the existence of cities are the externalities created when people cluster together in close proximity. During Covid, such interactions came with health risks and people found other ways to interact. We document how cities changed during Covid and consider how the persistence of...
Persistent link: https://www.econbiz.de/10014250175
This paper examines city formation in a country whose urban population is growing steadily over time, with new cities required to accommodate this growth. In contrast to most of the literature there is immobility of housing and urban infrastructure, and investment in these assets is taken on the...
Persistent link: https://www.econbiz.de/10012464877
percent of the employment growth effect of college graduates is due to enhanced productivity growth, the rest being caused by … in urban areas solely through changes in productivity …
Persistent link: https://www.econbiz.de/10012467062
For more than a century, educated cities have grown more quickly than comparable cities with less human capital. This fact survives a battery of other control variables, metropolitan area fixed effects and tests for reverse causality. We also find that skilled cities are growing because they are...
Persistent link: https://www.econbiz.de/10012468503
firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10012458447
Outsourced workers experience large wage declines, yet domestic outsourcing may raise aggregate productivity. To study … revenue productivity, we find empirical support for all three predictions in French administrative data. After structurally …
Persistent link: https://www.econbiz.de/10012660026
doubling of firm productivity associated with 11% more pay for the highest-paid employee (likely the CEO) compared to 4.7% for … public firms for the highest-paid employees. Top pay volatility is also strongly related to productivity and structured …
Persistent link: https://www.econbiz.de/10012660055
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which … incremental increases in the rate of productivity growth translate into incremental increases in the rate of growth of pay …
Persistent link: https://www.econbiz.de/10012794576
, productivity, and the total value of amenities from wage and housing-cost data, applying them to U.S. metropolitan areas. The … formulae address how "wage multipliers," heterogeneity in non-traded firm productivity, and tax-driven amenity value … expropriation affect price capitalization. Wage and housing-cost variations across metros are driven more by productivity than …
Persistent link: https://www.econbiz.de/10012463668
The level of productivity doubled in the U.S. nonfarm business sector between 1970 and 2006. Wages, or more accurately … adjusted for inflation in the same way as the nominal output measure that is used to calculate productivity …
Persistent link: https://www.econbiz.de/10012464696