This paper uses the 2011 China Household Finance Survey data to estimate the effect of change in housing value on homeowners' labor force participation. Using the average housing capital gains of other homes in the same community as an instrument for the housing capital gains of a given...

We present evidence on the contributions of business establishment dynamics - including births and deaths, expansions and contractions, and in- and out-migration - to employment growth (and decline). We use data from the National Establishment Time Series for California to estimate the...

Spurred by the remarkable growth of Silicon Valley prior to the Internet bubble, state policymakers throughout the country decided to boost the availability of venture capital to local start-up companies. This paper argues that there is still a great deal to learn from empirical data about the...

Little is known about why cohabiting couples have fewer children than married couples. We explore the factors that explain the difference in fertility between these two groups using a switching regression analysis, which enables us to quantify the contribution of different factors through a...

Using dimes and pennies on a checkerboard, Schelling (1971, 1978) studied the link between residential preferences and segregational neighborhood patterns. While his approach clearly has methodological advantages in studying the dynamics of residential segregation, Schelling's checkerboard model...

This paper presents a variation of the Schelling [J. Math. Sociol. 1 (1971) 143; T.C. Schelling, Micromotives and Macrobehavior, Norton, New York, 1978] model to show that segregation emerges and persists even if every person in the society prefers to live in a half-black, half-white neighborhood....

We propose a Nelson-Winter model with an explicitly defined landscape to study the formation of high-tech industrial clusters such as those in Silicon Valley. The existing literature treats clusters as the result of location choices and focuses on how firms may benefit from locating in a...

Finding suitable employment in a city is more challenging for married than unmarried migrants. This paper provides empirical evidence that the denser and more diversified labor markets in large cities help alleviate the colocation problem of married couples. Using data from China, we show that...

We examine the effect of a large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth. We present a simple model to illustrate how this annexation may affect firm entry decisions and in turn land market outcomes. Using nationwide data...

High housing prices have caused concerns among policy makers as well as the public in many U.S. regions. There is a general belief that unaffordable housing could drive businesses away and thus impede job growth. However, there has been little empirical evidence that supports this view. In this...