Income growth and the distributional effects of urban spatial sorting 19 April 2023 Victor Couture, Cécile Gaubert, Jessie Handbury, and Erik HurstWe explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city with heterogeneous agents and non-homothetic preferences for neighborhoods with endogenous amenity quality.
Fair Matching under Constraints: Theory and Applications 17 April 2023 Yuichiro Kamada and Fuhito KojimaThis paper studies a general model of matching with constraints. Observing that a stable matching typically does not exist, we focus on feasible, individually rational, and fair matchings. We characterize such matchings by fixed points of a certain function.
Diversity in Schools: Immigrants and the Educational Performance of U.S.-Born Students 17 April 2023 David Figlio, Paola Giuliano, Riccardo Marchingiglio, Umut Ozek, and Paola SapienzaWe study the effect of exposure to immigrants on the educational outcomes of U.S.-born students, using a unique dataset combining population-level birth and school records from Florida. This research question is complicated by substantial school selection of U.S.-born students, especially among White and comparatively affluent students, in response to the presence of immigrant students in the school.
The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View 12 April 2023 Gabriel Chodorow-Reich, Adam M. Guren, and Timothy J. McQuadeWith “2020 hindsight,” the 2000s housing cycle is not a boom-bust but a boom-bust- rebound. Using a spatial equilibrium regression in which house prices are determined by income, amenities, urbanization, and supply, we show that long-run city-level fundamentals predict not only 1997-2019 price and rent growth but also the amplitude of the boom-bust-rebound.
Ruben Enikolopov has been elected Chair of REStudNew Chair of REStud 9 April 2023 Ruben Enikolopov has been elected Chair of REStud
The Value of Data Records 5 April 2023 Simone Galperti, Jacopo Perego, and Aleksandr LevkunMany e-commerce platforms use buyers’ personal data to intermediate their transactions with sellers. How much value do such intermediaries derive from the data record of each single individual?
The Economic Geography of Global Warming 2 April 2023 José-Luis Cruz and Esteban Rossi-HansbergGlobal warming is a worldwide and protracted phenomenon with heterogeneous local economic effects. We propose a dynamic economic assessment model of the world economy with high spatial resolution to assess its consequences.
Equilibrium Analysis in Behavioral One-Sector Growth Models 2 April 2023 Daron Acemoglu and Martin Kaae JensenRich behavioral biases, mistakes and limits on rational decision-making are often thought to make equilibrium analysis much more intractable. We establish that this is not the case in the context of one-sector growth models such as Ramsey-Cass-Koopmans or Bewley-Aiyagari models.
