We compare the labour market response to region-specific shocks in Europe and the US and to national shocks in Europe and investigate changes over time. We employ a multi-level factor model to decompose regional labour market variables and then estimate the dynamic response of the employment...

This paper analyzes how relative housing wealth affects labor supply. Using China's great housing boom as a natural experiment, we examine this empirical question and find that an appreciation in relative housing wealth significantly reduces the average working hours. We also find that this...

The Tax Cuts and Jobs Act of 2017 established a new program called Opportunity Zones (OZs) that created tax advantages for investing in businesses or real estate in a limited number of low-income Census tracts. We use a census of establishment-level data on employment to identify the effect of...

This paper investigates the pattern of geographic distribution of industrial employment in Brazil, based on evidences from six industrial sectors. The de-concentration pattern observed in the period 1974/88 was re-enforced during the 90's, driven by the institutional change in 1989/90 (trade...

Gegenstand der Studie sind die Auswirkungen der geplanten EU-Osterweiterung auf die gesamtwirtschaftliche Entwicklung im Freistaat, auf die Wettbewerbsfähigkeit in Bayern ansässiger Unternehmen des Verarbeitenden Gewerbes, des Dienstleistungsgewerbes und des Baugewerbes, sowie auf die...