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This paper revisits whether cultural diversity is a source of local production and/or consumption amenities. We adapt the analytical framework of Roback (1982, 1988) and Chen & Rosenthal (2008) to estimate the impact of cultural diversity on city wage and rent premiums from hedonic regressions....
Persistent link: https://www.econbiz.de/10012860379
We extend the canonical income process with persistent and transitory risk to shock distributions with left … data from the United States. We find countercyclical variance and procyclical skewness of persistent shocks. All shock …
Persistent link: https://www.econbiz.de/10012215285
The permanent income hypothesis states that agents perfectly smooth consumption given a large, anticipated shock to …
Persistent link: https://www.econbiz.de/10012800634
We extend the canonical income process with persistent and transitory risk to shock distributions with left … data from the United States. We find countercyclical variance and procyclical skewness of persistent shocks. All shock …
Persistent link: https://www.econbiz.de/10012182809
and thus impose a cost to their owners. We test a simple theory of the designation process in which we postulate that the …
Persistent link: https://www.econbiz.de/10013315608
Following the discussion on reurbanization (changing intra-regional migration patterns), our research project treats transport-related consequences of this spatial development in German city regions. The hypothesis is that reurbanization bears potential to spread environmentally friendly ways of...
Persistent link: https://www.econbiz.de/10009578874
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