During the past 15 years, Swedish higher education policy has emphasized the spatial decentralization of post-secondary education. We investigate the economic effects of this decentralization policy on productivity and output per worker. We rely upon a 14-year panel of output and employment for...

An unusually rich source of data on housing prices in Stockholm is used to analyze the investment implications of housing choices. This empirical analysis derives market-wide price and return series for housing investment during a 13-year period, and it also provides estimates of the...

Previous studies, including the reports of the Douglas and Kaiser Commission, have suggested that outmoded local regulation of residential construction has impeded technical progress in the industry. In this paper, we try to identify the determinants of differences across communities in these...

Most studies of residential energy usage treat energy as a final consumer good. This study explicitly considers the production of housing service flows from stocks of real estate and flows of operating inputs, and considers the demand for residential energy as a factor input. The empirical...

This paper presents a unified model of the default and prepayment behavior of homeowners in a proportional hazard framework. The model uses the option-based approach to analyze default and prepayment and considers these two interdependent hazards as competing risks. The results indicate the...

This paper tests the importance of the spatial isolation of minority and poverty households for youth employment in large metropolitan areas. We estimate a model relating youth employment probabilities to individual and family characteristics, race and metropolitan location. We then investigate...

Over thirty years ago, researchers raised the possibility of an important link between transportation, jobs and prospects for the poor. Decentralized employment, centralized minorities and poor, and inadequate transportation links in between were the context of the urban riots of the 1960's and...