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作者：Abramitzky, Ran; Boustan, Leah Platt; Eriksson, Katherine
作者单位：Stanford University; National Bureau of Economic Research; University of California System; University of California Los Angeles; California State University System; California Polytechnic State University San Luis Obispo
摘要：During the Age of Mass Migration (1850-1913), the United States maintained an open border, absorbing 30 million European immigrants. Prior cross-sectional work finds that immigrants initially held lower-paid occupations than natives but converged over time. In newly assembled panel data, we show that, in fact, the average immigrant did not face a substantial occupation-based earnings penalty upon first arrival and experienced occupational advancement at the same rate as natives. Cross-sectiona...
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作者：Eeckhout, Jan; Pinheiro, Roberto; Schmidheiny, Kurt
作者单位：University of London; University College London; Pompeu Fabra University; University of Colorado System; University of Colorado Boulder; University of Basel
摘要：We investigate the role of skill complementarities in production and mobility across cities. The nature of the complementarities determines the equilibrium skill distribution across cities. With extreme-skill complementarity, the skill distribution has thicker tails in large cities; with top-skill complementarity, there is first-order stochastic dominance. Using wage and housing price data, we find robust evidence of thick tails in large cities: large cities disproportionately attract both hig...
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作者：Guvenen, Fatih; Ozkan, Serdar; Song, Jae
作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We study business cycle variation in individual earnings risk using a confidential and very large data set from the US Social Security Administration. Contrary to past research, we find that the variance of idiosyncratic shocks is not countercyclical. Instead, it is the left-skewness of shocks that is strongly countercyclical: during recessions, large upward earnings movements become less likely, whereas large drops in earnings become more likely. Second, we find that the fortunes during reces...
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作者：Autor, David H.; Palmer, Christopher J.; Pathak, Parag A.
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：We measure the capitalization of housing market externalities into residential housing values by studying the unanticipated elimination of stringent rent controls in Cambridge, Massachusetts, in 1995. Pooling data on the universe of assessed values and transacted prices of Cambridge residential properties between 1988 and 2005, we find that rent decontrol generated substantial, robust price appreciation at decontrolled units and nearby never-controlled units, accounting for a quarter of the $7...
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作者：Behrens, Kristian; Duranton, Gilles; Robert-Nicoud, Frederic
作者单位：University of Quebec; University of Quebec Montreal; University of Pennsylvania; University of Geneva
摘要：Large cities produce more output per capita than small cities. This higher productivity may occur because more talented individuals sort into large cities, because large cities select more productive entrepreneurs and firms, or because of agglomeration economies. We develop a model of systems of cities that combines all three elements and suggests interesting complementarities between them. The model can replicate stylized facts about sorting, agglomeration, and selection in cities. It also ge...
