Why Has Regional Income Convergence in the U.S. Declined?
The past thirty years have seen a dramatic decline in the rate of income convergence across states and in population flows to wealthy places. These changes coincide with (1) an [...]
Tarnishing the Golden and Empire States: Land-Use Retrictions and the US Economic Slowdown
This paper studies the impact of state-level land-use restrictions on U.S. economic activity, focusing on how these restrictions have depressed macroeconomic activity since 2000. We use a variety of state-level [...]