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G<sc>laeser</sc> E. L., P<sc>onzetto</sc> G. A. M. and T<sc>obio</sc> K. Cities, skills and regional change, <italic>Regional Studies</italic>. One approach to urban areas emphasizes the existence of certain immutable relationships, such as Zipf's or Gibrat's law. An alternative view is that urban change reflects individual responses to...
Persistent link: https://www.econbiz.de/10010976863
Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' and government employees' votes by promising compensation packages, but some voters cannot...
Persistent link: https://www.econbiz.de/10010849602
Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' ’and government employees' votes by promising compensation packages, but some voters cannot...
Persistent link: https://www.econbiz.de/10010851457
Cities make it easier for humans to interact, and one of the main advantages of dense, urban areas is that they facilitate social interactions. This paper provides evidence for the US suggesting that the resurgence of big cities in the 1990s is due, in part, to the increased demand for these...
Persistent link: https://www.econbiz.de/10010858642
Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10010859538
Historically, urban growth required enough development to grow and transport significant agricultural surpluses or a government effective enough to build an empire. But there has been an explosion of poor mega-cities over the last 30 years. A simple urban model illustrates that in closed...
Persistent link: https://www.econbiz.de/10010946363
A radical rethinking of housing policy is needed to allow housing markets to operate freely--and to make housing affordable and plentiful for the middle class and the poor.
Persistent link: https://www.econbiz.de/10010949271
John Quigley was an important and beloved figure in housing and urban economics who died in 2012, but many non-specialists are only dimly aware of his contributions. This essay surveys his intellectual legacy, beginning with his early work with John Kain. Their research pioneered the application...
Persistent link: https://www.econbiz.de/10010931300
We study entrepreneurship and growth through the lens of U.S. cities. Initial entrepreneurship correlates strongly with urban employment growth, but endogeneity bedevils interpretation. Chinitz (1961) hypothesized that coal mines near cities led to specialization in industries, like steel, with...
Persistent link: https://www.econbiz.de/10011266979
Does bounded rationality make paternalism more attractive? This Essay argues that errors will be larger when suppliers have stronger incentives or lower costs of persuasion and when consumers have weaker incentives to learn the truth. These comparative statics suggest that bounded rationality...
Persistent link: https://www.econbiz.de/10005237199