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Lin, Yatang; McDermott, Thomas K. J.; Michaels, Guy - 2021

Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out, especially when sea levels are rising. We study this construction using spatially disaggregated data on the US Atlantic and Gulf coasts. We document nine stylized facts, including a sizeable...

Persistent link: https://www.econbiz.de/10012494117

Cities and the sea level

Lin, Yatang; McDermott, Thomas K. J.; Michaels, Guy - 2021

Persistent link: https://www.econbiz.de/10012499611

Urbanization and Structural Transformation

Michaels, Guy - 2008

This paper presents new evidence on urbanization using sub-county data for the United States from 1880-2000 and municipality data for Brazil from 1970-2000. We show that the two central stylized features of population growth for cities - Gibrat's Law and a stable population distribution - are...

Persistent link: https://www.econbiz.de/10012722954

Identifying Agglomeration Shadows : Long-run Evidence from Ancient Ports

Hornbeck, Richard; Michaels, Guy; Rauch, Ferdinand - National Bureau of Economic Research - 2024

We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby … areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "wave interference" that … estimate agglomeration shadows cast on nearby areas. We find that empirically, as in the simulations, detectable agglomeration …

Persistent link: https://www.econbiz.de/10014576663