Bartik's (1991, 1993) approach to identifying shocks in demand to regional economies has been used extensively for nearly thirty years. We chronicle the development of Bartik-type shift-share instruments and examine the empirical performance of alternative versions that use different...

The major issue which we address in this paper is the one-size-fits-all nature of the typical city-level house price index. In this vein, we make two contributions. First, we develop a new algorithm to ensure feasible estimation of geographically granular repeat-sales house price indices in...

Tests based on years of education find that the return to human capital in cities varies inversely and average education varies directly with housing cost. Finally, there is evidence that labor productivity within cities varies directly with employment density and real estate cost. The income...

This paper demonstrates theoretically and empirically the conditions under which estimated implicit prices from hedonic equations using house value reflect implicit willingness to pay for housing attributes. Implicit prices obtained from rental hedonics, consistent with theory, reveal the...