Found 78 article(s) for author 'Edward Glaeser'

Rethinking Cities: Toward Shared Prosperity

Rethinking Cities: Toward Shared Prosperity. Edward Glaeser, October 1, 2013, Paper. “The great transition from farm to city is filled with economic, social, and political promise. Cities are the product of a triad of forces. This economic premise explores how the three forces of spatial transformation- physical infrastructure, human interactions, and public policy- come together and shape cities. But too many cities in Sub-Saharan Africa continue to suffer from the oldest urban scourge- unclean water. Crime and murder turn many Latin American neighborhoods into places of terror rather than opportunity. Limited transport options can turn daily…” Link

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Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines

Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines. William R. Kerr, Edward Glaeser, September 2013, Paper. “Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near Pittsburgh led that city to specialization in industries, like steel, with significant scale economies and that those big firms led to a dearth of entrepreneurial human capital across several generations…” Link

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The Supply of Environmentalism: Psychological Interventions and Economics

The Supply of Environmentalism: Psychological Interventions and Economics. Edward Glaeser, August 2013, Paper. “Long before economics turned to psychology, environmentalists were nudging and framing and pushing their cause like highly gifted amateur psychologists. Their interventions seem to have changed behavior by altering beliefs, norms and preferences, but because psychological interventions are often coarse, inadvertent, offsetting side effects occur. After discussing the interplay between environmental preference-making and economics, I turn to three areas where strong, simple views have spread–electric cars, recycling and…” Link

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Postmortem for a Housing Crash

Postmortem for a Housing Crash. Edward Glaeser, August 2013, Book Chapter. “This chapter begins with a brief review of how America’s housing market crash damaged received wisdom about housing markets and housing policy as well as the portfolios of households and financial institutions. This is followed by an overview of the subsequent chapters. It then discusses what actually happened to prices and construction during and after the housing boom; the causes of the boom and how changes in credit conditions play a dominant role in the search for causes; and the future of housing policy.” (May require user account or purchase) Link

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A Nation of Gamblers: Real Estate Speculation and American History

A Nation of Gamblers: Real Estate Speculation and American History. Edward Glaeser, May 2013, Paper. “The great housing convulsion that buffeted America between 2000 and 2010 has historical precedents, from the frontier land boom of the 1790s to the skyscraper craze of the 1920s. But this time was different. There was far less real uncertainty about fundamental economic and geographic trends, making the convulsion even more puzzling. During historic and recent booms, sensible models could justify high prices on the basis of seemingly reasonable projections about stable or growing prices. The recurring error appears to be…” Link

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Shrouded Costs of Government: The Political Economy of State and Local Public Pensions

Shrouded Costs of Government: The Political Economy of State and Local Public Pensions. Edward Glaeser, April 2013, Paper. “Why are public-sector workers so heavily compensated with pensions and other non-pecuniary benefits? In this paper, we present a political economy model of shrouded compensation in which politicians compete for taxpayers’ and public employees’ votes by promising compensation packages, but some voters cannot evaluate every aspect of compensation. If pension packages are “shrouded,” meaning that public-sector workers better understand their value…” Link

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Brasilia’s Hubris is a Warning to Urban Dreamers

Brasilia’s Hubris is a Warning to Urban Dreamers. Edward Glaeser, December 9, 2012, Paper. “Oscar Niemeyer, who died last week, was a controversial giant. Best known for designing a new capital city for his native Brazil and the UN headquarters in New York, his work resonates across the world. At his best, Niemeyer curved the skyscraper and made height humane. But Brasilia, despite its beauty , also serves as an illustration of the dangers of utopian over-planning. Beautiful buildings made Niemeyer famous among architects and critics. But by making height more than merely a practical answer…” May require purchase or user account. Link

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Rethinking Federal Housing Policy

Rethinking Federal Housing Policy. Edward Glaeser, December 2008, Book. “The current housing crisis provides an opportunity to rethink federal housing policies aimed at housing affordability. Good housing policies should be rooted in good economics and a recognition that America’s diverse housing markets are treated poorly by one-size-fits-all policies. Glaeser and Gyourko’s thorough examination of national housing policy emphasizes the role that local conditions play in determining whether housing is affordable for the poor and the middle class. They divide the nation into three types of…” May require purchase or user account. Link

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Urban Public Finance

Urban Public Finance. Edward Glaeser, July 2012, Paper. “America’s local governments spend about one-eighth of our national income, one-fourth of total government spending, and employ over 14 million people. This paper surveys the large and growing economics literature on local governments and their finances. A primary difference between local and national government is the ease of labor mobility within countries, which disciplines local governments and means that heterogeneous service levels can be beneficial, but mobility also challenges local attempts at redistribution. The empirical…” (May require purchase or user account) Link

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