Found 93 article(s) for author 'Edward Glaeser'

Inequality in Cities

Inequality in CitiesEdward Glaeser, Kristina Tobio, October 1, 2009, Paper. “Much of the inequality literature has focused on national inequality, but local inequality is also important. Crime rates are higher in more unequal cities; people in unequal cities are more likely to say that they are unhappy. There is a negative association between local inequality and the growth of city-level income and population, once we control for the initial distribution of skills. High levels of mobility across cities mean that city-level inequality should not be studied with the same analytical tools used…” May require purchase or user account. Link

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The Complementarity Between Cities and Skills

The Complementarity Between Cities and Skills, Edward Glaeser, June 2009, Paper. “There is a strong connection between per-worker productivity and metropolitan area population, which is commonly interpreted as evidence for the existence of agglomeration economies. This correlation is particularly strong in cities with higher levels of skill and virtually nonexistent in less skilled metropolitan areas. This fact is particularly compatible with the view that urban density is important because proximity spreads knowledge, which either makes workers more skilled or entrepreneurs more productive…” Link

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The Wealth of Cities: Agglomeration Economies and Spatial Equilibrium in the United States

The Wealth of Cities: Agglomeration Economies and Spatial Equilibrium in the United States. Edward Glaeser, March 2009, Paper. “Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space. This condition implies that research on cities is different from research on countries, and that work on places within countries needs to consider population, income and housing prices simultaneously. Housing supply elasticity will determine whether urban success shows up in more people or higher incomes. Urban economists generally…” May require purchase or user account. Link

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Green Cities, Brown Suburbs

Green Cities, Brown Suburbs. Edward Glaeser, January 2009, Paper. “Contends that much local environmentalism, with its anti-development posture, is, in fact, bad for the environment & that urban development leaves a smaller carbon footprint than low-density suburbs. Attention is given to CA’s building restrictions, asserting that the state has things backwards…” Link

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The Economics of Place-Making Policies

The Economics of Place-Making Policies. Edward Glaeser, Joshua Gottlieb, October 2008, Paper. “Should the national government undertake policies aimed at strengthening the economies of particular localities or regions? Agglomeration economies and human capital spillovers suggest that such policies could enhance welfare. However, the mere existence of agglomeration externalities does not indicate which places should be subsidized. Without a better understanding of nonlinearities in these externalities, any government spatial policy is as likely to reduce as to increase welfare. Transportation spending has historically done…” Link

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The Greenness of Cities: Carbon Dioxide Emissions and Urban Development

The Greenness of Cities: Carbon Dioxide Emissions and Urban Development. Edward Glaeser, August 2008, Paper. “Carbon dioxide emissions may create significant social harm because of global warming, yet American urban development tends to be in low density areas with very hot summers. In this paper, we attempt to quantify the carbon dioxide emissions associated with new construction in different locations across the country. We look at emissions from driving, public transit, home heating, and household electricity usage. We find that the lowest emissions areas are generally in California and that the highest emissions…” Link

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Housing Supply and Housing Bubbles

Housing Supply and Housing Bubbles. Edward Glaeser, July 16, 2008, Paper. “Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model of housing bubbles that predicts that places with more elastic housing supply have fewer and shorter bubbles, with smaller price increases. However, the welfare consequences of bubbles may actually be higher in more elastic places because those places will overbuild more in response to a bubble…” Link

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Entrepreneurship and Urban Success: Toward a Policy Consensus

Entrepreneurship and Urban Success: Toward a Policy Consensus. Edward Glaeser, William Kerr, February 2008, Paper. “Like all politics, all entrepreneurship is local. Individuals launch firms and, if successful, expand their enterprises to other locations. But new firms must start somewhere, even if their businesses are conducted largely or exclusively on the Internet. Likewise, policymakers at local and state levels increasingly recognize that entrepreneurship is the key to building and sustaining their economies’ growth. Although this is a seemingly obvious proposition, it represents something of a departure from past…” Link

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Arbitrage in Housing Markets

Arbitrage in Housing Markets. Edward Glaeser, December 15, 2007, Paper. “Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction that individuals must be indifferent between owning and renting. This paper argues the predictions from these non-spatial, financial no arbitrage conditions are also quite imprecise. Owned homes are extremely different from rental units and owners are…” Link

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Did the Death of Distance Hurt Detroit and Help New York?

Did the Death of Distance Hurt Detroit and Help New York? Edward Glaeser, Giacomo Ponzetto, December 2007, Paper. “Urban proximity can reduce the costs of shipping goods and speed the flow of ideas. Improvements in communication technology might erode these advantages and allow people and firms to decentralize. However, improvements in transportation and communication technology can also increase the returns to new ideas, by allowing those ideas to be used throughout the world. This paper presents a model that illustrates these two rival effects that technological progress can have on cities…” Link

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