The skill intensity ratio (SIR) varies across cities. This variation education has implications for economic research. Black, Kolesnikova, and Taylor (2009) demonstrate that estimated returns to education vary with housing cost. However, if differences in the SIR are caused by variation in...

This paper studies how the changing geographic distribution of skilled workers in the US affects theoretical models that use Gibrat's law to explain the size distribution of cities. In the empirical literature, a divergence hypothesis holds that college share increases faster in cities where...

The effects on real estate development of shore protection efforts that lower erosion rates and storm hazards are both controversial and difficult to detect. A simple theoretical model indicates that shore protection is likely to "tilt" development from areas a few hundred feet inland toward...

This paper demonstrates theoretically and empirically the conditions under which estimated implicit prices from hedonic equations using house value reflect implicit willingness to pay for housing attributes. Implicit prices obtained from rental hedonics, consistent with theory, reveal the...