The goal of this paper is to link models of urban formations (urban studies) with models of housing rent. While housing market models are essentially static, model of urban formation is presented in dynamic set up. The driving force for dynamics comes from migration theory and includes chain...

Immigration is one of the most emotional topics in the political arena, which is an issue that has not gone unnoticed by economists. Recent studies usually examine sub-national areas to take advantage of the widely varying local concentrations of immigrants. Yet, there is no consensus on the...

Are children better off than their parents? This highly debated question in politics and economics is investigated by analysing the trends in absolute and relative intergenerational labour income mobility for Germany and the US. High quality panel data is used for this purpose; the SOEP for...