To explain the large differences in labor productivity across U.S. states we estimate two models--one based on local geographical externalities and the other on the diversity of local intermediate services--where [...]
Theories about the importance of space in urban labor markets have emphasized the role of employment access, on the one hand, and neighborhood composition, on the other hand, in affecting [...]
The problems of public housing and related subsidy programs are less the result of poor maintenance and design than a fundamental misunderstanding of the role which housing plays in social [...]
During the 1980s, the savings and loan industry experienced severe financial losses because extremely high interest rates caused institutions to pay high rates on deposits and other funds while earning [...]
Spatial separation of racial and ethnic groups may theoretically have positive or negative effects on the economic performance of those groups. We examine the effects of segregation on outcomes for [...]
A number of recent studies have called for an overhaul of licensure for health care professionals. Common themes of these studies are increased flexibility in scopes of practice (much of [...]
Under urban planning in the United States, virtually every major development is subjected to the vagaries of the rezoning process and the uncertainties associated with legislative review by planning boards [...]
Two of the largest government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), receive government subsidies estimated to be worth [...]
To inform metropolitan land use planning, this article reviews studies that examine the determinants of residential property values. The review suggests that property values provide a sensitive index of the [...]
When competitive landowners/developers control incorporation and zoning decisions, efficient patterns of development emerge. When, by contrast, early arrivals control policy, they may impose zoning restrictions that force later entrants to [...]