Spatial Sorting
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Spatial Sorting
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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.
The Spatial Sorting And Matching Of Skills And Firms
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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.
Spatial Sorting And Inequality
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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.
Spatial Sorting Why New York Los Angeles And Detroit Attract The Greatest Minds As Well As The Unskilled
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Author : Jan Eeckhout
language : en
Publisher:
Release Date : 2010
Spatial Sorting Why New York Los Angeles And Detroit Attract The Greatest Minds As Well As The Unskilled 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 2010 with categories.
Two Essays On Spatial Skill Sorting And Household Saving Behavior
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Author : Minjuan Sun
language : en
Publisher:
Release Date : 2018
Two Essays On Spatial Skill Sorting And Household Saving Behavior written by Minjuan Sun and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Cities and towns categories.
This dissertation studies two wide ranging phenomena and their socio-economic impacts: urban divergence in terms of geographical skill sorting and fast rising housing prices. The first essay explores the empirical pattern as well as the driving forces behind the American cities' diverging path over the past forty years. Compared to the rest of the U.S. cities, the top 20 largest cities have been growing faster in several aspects, such as city-average wage, housing price, and measured innovation intensity (e.g., patents, venture capital). In addition, this geographical divergence has contributed substantially to the rising inequality in America. To explore the causes of this divergence, this paper constructs a spatial sorting model where entrepreneurs with different talents can freely move across cities. The key idea is that cities with advantages in innovation attract more productive entrepreneurs and more workers, thereby driving up wages and housing prices. Two things distinguish my models from others: 1. Large cities are having endogenous innovation advantage in equilibrium; 2. I can freely explore the driving forces behind the divergence, with an emphasis on how technology changes can reinforce the spatial sorting mechanism. Specifically, three types of technological changes have increased the benefits of skill clustering in innovative cities: general productivity increases; improvements in communications technologies; and declines in trade costs.The second essay studies how heterogeneous households respond to the fast rising housing prices through their life-cycle behaviors. Chinese housing market has been undergoing a rapid booming period since 1998, causing the house prices increasing significantly. As a result, households endured severe financial burdens to buy homes at price-to-income ratios of around six. Along with the rising house prices, household savings rate has been increasing consistently since 1998. Can the rising house prices be an important factor to explain the increase in household saving rate? This paper develops a life cycle dynastic model with endogenous choice on housing, coresidence and intergenerational transfer, then quantitatively analyze the effect of housing price on household saving. It shows that housing is an important motive for saving, and it accounts for about 35% of the increase in household savings rate. The housing situation affects households' saving behavior through three channels. First, households are financially constrained due to the down payment requirement and they choose to limit their consumption in order to buy houses. Second, young adults live in their parents' houses for a long time and save more intensively, since they get to pay less for the housing expenses under coresidence. Thirdly, older parents make large sum of intergeneration transfer in aid of the children's housing purchase, indicating the housing affordability issue also has influence on old parents' saving decisions.
The Spatial Sorting Of Informal Dwellers In Cities In Developing Countries
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Author : Harris Selod
language : en
Publisher:
Release Date : 2018
The Spatial Sorting Of Informal Dwellers In Cities In Developing Countries written by Harris Selod and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Income Growth And The Distributional Effects Of Urban Spatial Sorting
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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.
Optimal Spatial Policies Geography And Sorting
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Author : Pablo Fajgelbaum
language : en
Publisher:
Release Date : 2018
Optimal Spatial Policies Geography And Sorting written by Pablo Fajgelbaum 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.
We study optimal spatial policies in quantitative trade and geography frameworks with spillovers and sorting of heterogeneous workers. We characterize the spatial transfers that must hold in efficient allocations, as well as labor subsidies that would implement them. Assuming homogeneous workers and constant-elasticity spillovers, a constant labor tax over space restores efficiency regardless of micro heterogeneity in fundamentals. Place-specific subsidies are needed to attain optimal sorting if there are spillovers across different types of workers. We show how to quantify optimal spatial transfers, and apply the framework to data across U.S. cities using existing estimates of the spillover elasticities. The results suggest that the U.S. economy features too much spatial sorting by skill and wage inequality in larger cities relative to efficient allocations.
Highways Market Access And Spatial Sorting
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Author :
language : en
Publisher:
Release Date : 2017
Highways Market Access And Spatial Sorting written by 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.
Optimal Spatial Policies Geography And Sorting
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Author : Pablo Fajgelbaum
language : en
Publisher:
Release Date : 2018
Optimal Spatial Policies Geography And Sorting written by Pablo Fajgelbaum and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
We study optimal spatial policies in a quantitative trade and geography framework with spillovers and spatial sorting of heterogeneous workers. We characterize the spatial transfers that must hold in efficient allocations, as well as labor subsidies that can implement them. There exists scope for welfare-enhancing spatial policies even when spillovers are common across locations. Using data on U.S. cities and existing estimates of the spillover elasticities, we find that the U.S. economy would benefit from a reallocation of workers to currently low-wage cities. The optimal allocation features a greater share of high skill workers in smaller cities relative to the observed allocation. Inefficient sorting may lead to substantial welfare costs.