Commuting, Labor, and Housing Market Effects of Mass Transportation: Welfare and Identification

• 成果类型: Article
• 署名作者: Severen, Christopher
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_01100
• 发表日期: 2023-09
• 页码: 1073-1091
• 关键词: transit; congestion; EMPLOYMENT; cities; LAW

摘要

I study Los Angeles Metro Rail's effects using panel data on bilateral commuting flows, a quantitative spatial model, and historically motivated quasi-experimental research designs. The model separates transit's commuting effects from local productivity or amenity effects, and spatial shift-share instruments identify inelastic labor and housing supply. Metro Rail connections increase commuting by 16% but do not have large effects on local productivity or amenities. Metro Rail generates $94 million in annual benefits by 2000 or 12-25% of annualized costs. Accounting for reduced congestion and slow transit adoption adds, at most, another $200 million in annual benefits.