Firm Sorting And Spatial Inequality
DOWNLOAD
Download Firm Sorting And Spatial Inequality PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Firm Sorting And Spatial Inequality book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Firm Sorting And Spatial Inequality
DOWNLOAD
Author : Ilse Lindenlaub
language : en
Publisher:
Release Date : 2022
Firm Sorting And Spatial Inequality written by Ilse Lindenlaub and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
We study the importance of firm sorting for spatial inequality. If productive locations are able to attract the most productive firms, then firm sorting acts as an amplifier of spatial inequality. We develop a novel model of spatial firm sorting, in which heterogeneous firms first choose a location and then hire workers in a frictional local labor market. Firms' location choices are guided by a fundamental trade-off: Operating in productive locations increases output per worker, but sharing a labor market with other productive firms makes it hard to poach and retain workers, and hence limits firm size. We show that sorting between firms and locations is positive--i.e., more productive firms settle in more productive locations--if firm and location productivity are complements and labor market frictions are sufficiently large. We estimate our model using administrative data from Germany and find that highly productive firms indeed sort into the most productive locations. In our main application, we quantify the role of firm sorting for wage differences between East and West Germany, which reveals that firm sorting accounts for 17%-27% of the West-East wage gap.
Heterogeneous Firms Agglomeration And Economic Geography
DOWNLOAD
Author : Richard E. Baldwin
language : en
Publisher:
Release Date : 2010
Heterogeneous Firms Agglomeration And Economic Geography written by Richard E. Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
A Melitz-style model of monopolistic competition with heterogeneous firms is integrated into a simple new economic geography model to show that the standard assumption of identical firms is neither necessary nor innocuous. We show that relocating to the big region is most attractive for the most productive firms; this implies interesting results for empirical work and policy analysis. A `selection effect' means standard empirical measures overestimate agglomeration economies. A `sorting effect' means that a regional policy induces the highest productivity firms to move to the core and the lowest productivity firms to the periphery. We also show that heterogeneity dampens the home market effect.
Firm Sorting And Agglomeration
DOWNLOAD
Author : Cécile Gaubert
language : en
Publisher:
Release Date : 2018
Firm Sorting And Agglomeration written by Cécile Gaubert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Economic geography categories.
The distribution of firms in space is far from uniform. Some locations host the most productive large firms, while others barely attract any. In this paper, I study the sorting of heterogeneous firms across locations and analyze policies designed to attract firms to particular regions (place-based policies). I first propose a theory of the distribution of heterogeneous firms in a variety of sectors across cities. Aggregate TFP and welfare depend on the extent of agglomeration externalities produced in cities and on how heterogeneous firms sort across them. The distribution of city sizes and the sorting patterns of firms are uniquely determined in equilibrium. This allows me to structurally estimate the model, using French firm-level data. I find that nearly half of the observed productivity advantage of large cities is due to firm sorting. I use the estimated model to quantify the general equilibrium effects of place-based policies. I find that policies that decrease local congestion lead to a new spatial equilibrium with higher aggregate TFP and welfare. In contrast, policies that subsidize under-developed areas have negative aggregate effects.
Spatial Sorting And Inequality
DOWNLOAD
Author : Rebecca Diamond
language : en
Publisher:
Release Date : 2022
Spatial Sorting And Inequality written by Rebecca Diamond and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
The spatial segregation of college-educated and non-college-educated workers between commuting zones in the United States has steadily grown since 1980. We summarize prior work on sorting and location and document new descriptive patterns on how sorting and locations have changed over the past four decades. We find that there has been a shift in the sorting of college-educated workers from cities centered primarily around production in 1980 to cities centered around consumption by 2017. We develop a spatial equilibrium model to understand these patterns and highlight key places where further research is needed. Our framework helps understand the causes and consequences of changes in spatial sorting; their impact on inequality; and how they respond to, and feed into, the changing nature of cities.
The Spatial Sorting And Matching Of Skills And Firms
DOWNLOAD
Author : Giordano Mion
language : en
Publisher:
Release Date : 2006
The Spatial Sorting And Matching Of Skills And Firms written by Giordano Mion and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Heterogenous Firms Agglomeration And Economic Geography Spatial Selection And Sorting
DOWNLOAD
Author : Richard E. Baldwin
language : en
Publisher:
Release Date : 2005
Heterogenous Firms Agglomeration And Economic Geography Spatial Selection And Sorting written by Richard E. Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Income Growth And The Distributional Effects Of Urban Spatial Sorting
DOWNLOAD
Author : Victor Couture
language : en
Publisher:
Release Date : 2019
Income Growth And The Distributional Effects Of Urban Spatial Sorting written by Victor Couture and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city with heterogeneous agents and non-homothetic preferences for neighborhoods with endogenous amenity quality. As the rich get richer, demand increases for the high quality amenities available in downtown neighborhoods. Rising demand drives up house prices and spurs the development of higher quality neighborhoods downtown. This gentrification of downtowns makes poor incumbents worse off, as they are either displaced to the suburbs or pay higher rents for amenities that they do not value as much. We quantify the corresponding impact on well-being inequality. Through the lens of the quantified model, the change in the income distribution between 1990 and 2014 led to neighborhood change and spatial resorting within urban areas that increased the welfare of richer households relative to that of poorer households, above and beyond rising nominal income inequality.
Spatial Sorting
DOWNLOAD
Author : Jan Eeckhout
language : en
Publisher:
Release Date : 2013
Spatial Sorting written by Jan Eeckhout and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
We investigate the role of complementarities in production and skill mobility across cities. We propose a general equilibrium model of location choice by heterogeneously skilled workers, and consider different degrees of complementarities between the skills of workers. The nature of the complementarities determines the equilibrium skill distribution across cities. We prove that with extreme-skill complementarity, the skill distribution has fatter tails in large cities; with top-skill complementarity, there is first-order stochastic dominance. Using the model to back out skills from wage and housing price data, we find robust evidence of fat tails in large cities. Big cities have big inequality. This pattern of spatial sorting is consistent with extreme-skill complementarity: the productivity of high skilled workers and of the providers of low skilled services is mutually enhanced.
So Close Yet So Unequal
DOWNLOAD
Author : Andreoli Francesco
language : en
Publisher:
Release Date : 2017
So Close Yet So Unequal written by Andreoli Francesco and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Rich income data and a new methodology are employed to investigate patterns and consequences of spatial inequality in American cities over the last 35 years. New Gini-type indices, which assess spatial inequality using individual neighborhoods of variable size as primitives, uncover from the data robust evidence of growing income inequality within the neighborhood. The welfare implications of this trend are investigated through reduced-form models, addressing potential bias due to sorting across and within cities. An exogenous increase of the income mix in the neighborhood is found to yield a significant drop in intergenerational mobility gains for young people.
Handbook Of Real Estate And Macroeconomics
DOWNLOAD
Author : Leung, Charles K.Y.
language : en
Publisher: Edward Elgar Publishing
Release Date : 2022-06-16
Handbook Of Real Estate And Macroeconomics written by Leung, Charles K.Y. and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-16 with Business & Economics categories.
This Handbook collects a set of academic and accessible chapters to address three questions: What should real estate economists know about macroeconomics? What should macroeconomists know about real estate? What should readers know about the interaction between real estate and macroeconomics?