This paper examines the role of local housing market conditions for social capital accumulation and neighborhood club good provision. A model of individual investment decisions predicts that in a setting [...]
The strong negative correlation between a city’s level of residential racial segregation and its outcomes, particularly for black residents, is well-established. The interpretation of this relationship, however, is confounded by [...]
We use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States. First, we characterize [...]
The Coase theorem presents two criteria for evaluating regulation: regulations efficiency relative to private solutions and how the regulation affects the distribution of wealth. Previous studies of the impact of [...]
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 [...]
Based on two surveys of 490 Californian cities and counties, the study examines the effects of local growth-control enactment between 1979 and 1988 on net housing construction between 1980 and [...]
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 [...]
Both large bodies of water and local governments restrict the supply of urban land. In this paper we measure water's restriction on supply and test its effect on land price. [...]
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 [...]
[We show] in our model that the primary beneficiaries of growth controls are owners of developed land, e.g., homeowners, while the primary losers are owners of undeveloped land. Since the [...]