Pollution is a common byproduct of economic activity. Although policymakers should account for both the benefits and the negative externalities of polluting activities, it is difficult to identify those who are harmed and those who benefit from them. To overcome this challenge, our paper uses a...

Phoenix and neighboring municipalities, like many in the South and West, pursued a growth strategy based on annexation in the decades after World War II. This paper explores the link between annexation and competition for tax revenues. After discussing arguments for annexation, it traces the...

We investigate the role of industrial structure in labor productivity growth in U.S. cities between 1880 and 1930 using a new dataset constructed from the Census of Manufactures. We find that increases in specialization were associated with faster productivity growth but that diversity only had...

Using new data on market-based transactions we construct real estate price indexes for Manhattan between 1920 and 1939. During the 1920s prices reached their highest level in the third quarter of 1929 before falling by 67 percent at the end of 1932 and hovering around that value for most of the...

The paper examines the role of self-ownership versus other ownership of labor with implications for the interpretation of the historical evidence regarding timing of black migration from the South to the North after emancipation

This article covers the cocaine and marihuana imports from Colombia to Miami during the 1970s. It describes the organized networks in charge of these illicit activities. It is pointed out that Colombians cooperated with traffickers belonging to other nationalities (mainly Cubans and Americans)....

North Carolina's furniture manufacturing industry has contracted in recent years as imports have gained a greater share of the domestic furniture market. Rapid growth of the furniture industry in China and a surge in exports from that country to the United States in particular have contributed...

In this article, I argue that a more useful and general theory about the fate of American cities in the last half of the 20th century must begin with a discussion of the treatment of capital and the security of property rights within their borders. In particular, I will focus on the powerful...

In this paper, I study long-run population changes across U.S. metropolitan areas. First, I argue that changes over a long period of time in the geographic distribution of population can be informative about the so-called "resilience" of regions. Using the censuses of population from 1790 to...

The 1920s in the United States were a time of high income and wealth growth and rising inequality, up to the peak in 1929. It was an era of technological innovations such as electrification as well as booms in consumer durables, housing, and asset markets. The degree to which these skill-biased...