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The purpose of this essay is to argue that process-regarding preferences or social norms are pervasive in traditional village communities, yet are subject to gradual erosion under the influence of new forces, particularly population growth and market penetration. This is illustrated with respect...
Persistent link: https://www.econbiz.de/10014023671
In this paper we estimate the income distributional effects of the common agricultural policy (CAP) for farmers and landowners. First, we theoretically analyse the level of farmers' and landowners' gains from coupled and decoupled payments. Second, using a unique farm level panel data set from...
Persistent link: https://www.econbiz.de/10011524063
We study how households choose neighborhoods, how neighborhoods affect child ability, and how housing vouchers influence neighborhood choices and child outcomes. We use two new panel data sets with tract-level detail for Los Angeles county to estimate a dynamic model of optimal tract-level...
Persistent link: https://www.econbiz.de/10012854741
Since 1980, college graduates have increasingly sorted into the downtowns of U.S. cities. This led to urban revival, a process that involves fast growth in income and housing prices downtown. Motivated by the observation that young childless households concentrate downtown, we link urban revival...
Persistent link: https://www.econbiz.de/10014553106
on migration plans become weaker when amenity variables are included, indicating that capitalization of amenities cannot … explain weak effects of local economic conditions on migration in Europe. …
Persistent link: https://www.econbiz.de/10011399727
A theory is developed of labor migration that is prompted by a desire to avoid "social humiliation". In a general … equilibrium framework it is shown that as long as migration can reduce humiliation sufficiently, migration will occur even between … two identical economies. Migration increases the number of individuals who choose to perform degrading jobs and …
Persistent link: https://www.econbiz.de/10009733804
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10011524841
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10011524877
locations within a country, when migration from one country to another is and is not possible. In a closed economy, a … are mobile, a tax on them induces little migration because the tax will reduce the rents on land inhabited by the rich. A …
Persistent link: https://www.econbiz.de/10011511078
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
Persistent link: https://www.econbiz.de/10011514075