Found 99 article(s) for author 'Edward Glaeser'

How to Deregulate Cities and States

How to Deregulate Cities and States. Edward Glaeser, Cass Sunstein, August 24, 2014, Opinion. “A lot of attention has been devoted in recent years to overregulation at the national level. For many people, though, the regulations that hit hardest come from states and localities. The story of Uber’s fight with overzealous local regulators is only a well-publicized tip of the iceberg. A 2012 study conducted by the Institute for Justice finds that 102 trades and occupations now face licensing requirements in states or cities. The people who suffer most from them are those without a lot of money or advanced education…” Link

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How to Deregulate Cities and States; Cost-benefit analysis and ‘lookbacks’ could lift the unnecessary burdens of occupational licensing.

How to Deregulate Cities and States; Cost-benefit analysis and ‘lookbacks’ could lift the unnecessary burdens of occupational licensing. Edward Glaeser, Cass Sunstein, August 24, 2014, Opinion. “To engage in the gentle arts of design, hair cutting, beauty treatment and tree trimming, should people really be required to run some kind of regulatory gauntlet? A widely overlooked part of Paul Ryan’s antipoverty plan draws attention to the problem of occupational licensing, and it rightly calls on states and local governments “to begin to dismantle these barriers to upward mobility…” Link

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Housing Bubbles

Housing Bubbles. Edward Glaeser, August 2014, Paper. “Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices over the long run. Together these features, particularly at their most extreme, produce the classic shape of an asset bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain events like the boom-bust cycles of the 2000s. One set of theories assumes rationality and uses idiosyncratic features of the housing market, such as intensive search and short selling constraints, to explain the stylized facts. Cheap credit…” Link

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Unhappy Cities

Unhappy Cities. Edward Glaeser, July 2014, Paper. “There are persistent differences in self-reported subjective well-being across U.S. metropolitan areas, and residents of declining cities appear less happy than other Americans. Newer residents of these cities appear to be as unhappy as longer term residents, and yet some people continue to move to these areas. While the historical data on happiness are limited, the available facts suggest that cities that are now declining were also unhappy in their more prosperous past. One interpretation of these facts is that individuals do not…” May require purchase or user account. Link Verified October 11, 2014

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Housing Dynamics: An Urban Approach

Housing Dynamics: An Urban Approach. Edward Glaeser, May 2014, Paper. “A dynamic linear rational equilibrium model in the tradition of Alonso, Rosen and Roback is consistent with many outstanding stylized facts of housing markets. These include: (a) that the markets are local in nature; (b) that construction persistence is fully compatible with mean reversion in prices; and (c) that price changes are predictable. Calibration exercises to match moments of the real data have notable successes and failures. The volatility in local income processes as reflected in HMDA mortgage applicant data can account for much of the observed price…” Link

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Overview–the urban imperative: toward shared prosperity

Overview–The Urban Imperative: Toward Shared Prosperity. Edward Glaeser, May 1, 2014, Paper. “Urbanization is undoubtedly a key driver of development–cities provide the national platform for prosperity, job creation, and poverty reduction. But urbanization also poses enormous challenges that one is familiar with: congestion, air pollution, social divisions, crime, the breakdown of public services and infrastructure, and the slums that one billion urban resident’s call home. Urbanization is perhaps the single most important question in development today. It is clear that cities have not performed as well as can be expected in their transformative…” Link

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Moneyball for State Regulators

Moneyball for State Regulators. Edward Glaeser, Cass Sunstein, March 29, 2014, Paper. “For over thirty years, Republican and Democratic presidents have required executive agencies to assess the costs and benefits of significant regulations, and to proceed only if the benefits justify the costs (to the extent permitted by law). The goals of the resulting processes have been to constrain unjustified regulation, to promote interagency coordination, and to allow a degree of centralized management of what can be a cumbersome bureaucratic apparatus. Unfortunately, state and local governments sometimes impose costly requirements…” Link

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Clusters of Entrepreneurship and Innovation

Clusters of Entrepreneurship and Innovation. William R. Kerr, Edward Glaeser, 2014, Book Chapter. “This chapter reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United States. We discuss rationales for the agglomeration of these activities and the economic consequences of clusters. We identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation. While arguments exist for and against policy support of entrepreneurial clusters, our understanding of what works and how it works is quite limited…” Link

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Regulatory Review for the States

Regulatory Review for the States, Edward Glaeser, Cass Sunstein, 2014, Paper, “Dudley Square is Boston’s busiest bus stop, with 30,000 passengers passing through daily. Eighty thousand people live within a mile of the stop. Yet the area is an entertainment vacuum, with almost no restaurants, clubs, or coffee houses. The lack of local businesses is not just an inconvenience to local residents; it represents a dearth of service-sector jobs that are badly needed in the neighborhood. When local leaders are asked why businesses are not taking advantage of Dudley Square’s constant flow of potential customers, nearly all of them…” Link

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Secular joblessness

Secular joblessness. Edward L. Glaeser, 2014, Book Chapter within the book Secular Stagnation: facts, causes and cures.  “The wonders of the internet age cast doubt on the idea that technological progress is stagnating. Worryingly, however, some fraction of US job losses has become permanent after almost every recession since 1970. This chapter argues that persistent joblessness is unlikely to be a purely macroeconomic phenomenon. Although the US welfare system remains less generous than many European ones, it has become substantially more generous over time. Alongside targeted investments...” Link

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