Showing 1 - 10 of 43
This paper presents secular evidence on the income velocity of money balances. Under a variety of specifications and statistical techniques, employed on both traditional and non-traditional variables, the Friedman assertion that money is a superior good is found to lack empirical support....
Persistent link: https://www.econbiz.de/10015219936
Hedonic analysis is frequently implemented to generate implicit prices for location-specific amenities within single markets, either in cross-city wage differentials or within-city rent gradients. Amenities are shown to be generally priced in both land and labor markets, with single market...
Persistent link: https://www.econbiz.de/10015219937
While the paper lacks a formal abstract, it draws the important distinction between stocks and flows in supply and demand to better understand the business cycle.
Persistent link: https://www.econbiz.de/10015219938
The brief paper lacks an abstract, but clarifies a point of considerable confusion among students of economics.
Persistent link: https://www.econbiz.de/10015219940
While there was no abstract for this brief paper, it clarifies for students that demand and supply slopes convey the burden of taxation discussion at least as well as does the more typical discussion employing elasticities.
Persistent link: https://www.econbiz.de/10015219941
While there was no abstract for this paper, it provides a theoretical model and empirical results that support an important role for climate in the human location/relocation decision.
Persistent link: https://www.econbiz.de/10015219943
I was unable to copy/paste the abstract, but the paper argues that amenities exert an important effect on wage differentials over space. Indeed, we show that as much has half of the apparent effect of unionization on wages is actually compensation for less desirable climate in locations that are...
Persistent link: https://www.econbiz.de/10015219944
While the paper lacks an abstract, it argues that the proportion of a portfolio devoted to cash decreases as wealth grows. This is consistent with decreasing relative risk aversion and with a money demand that is normal, but not superior.
Persistent link: https://www.econbiz.de/10015219945
While unable to copy/paste the abstract, the paper discusses the importance of regionally-varying amenities to migration and regional development.
Persistent link: https://www.econbiz.de/10015219946
While unable to copy/paste the abstract, the paper argues that regional differentials in wages and rents are overwhelmingly of an equilibrium nature, with disequilibrium forces having little systematic influence
Persistent link: https://www.econbiz.de/10015219947