Results

Journal article

Journal of Political Economy:

The economic dynamics of city structure: evidence from Hiroshima's recovery

We provide new theory and evidence on the resilience of the internal city structure after a large shock by analyzing the atomic bombing of Hiroshima. Exploiting newly digitized data, we document that the city structure r...Read more...

CEP discussion paper

An Olympic opportunity

We use a unique natural experiment in which families were randomly selected to live in the Olympic Village, constructed for the 2004 Athens Olympic Games, to assess the impact of improved neighbourhood conditions on acad...Read more...

CEP discussion paper

Marshall at the times of Marshall

In the late nineteenth century, Alfred Marshall identified three micro-foundations of agglomeration economies: labour pooling (LP), input sharing (IO), and knowledge spillovers (KS). An extensive literature has tested th...Read more...

CEP discussion paper

Peer effects and worker visibility in team production: evidence from NBA rookies

This paper examines how peer quality impacts early career visibility, productivity, and longterm earnings in team based settings. While high ability peers can generate positive spillovers, they may limit opportunities fo...Read more...

CEP discussion paper

The lifecycle of judicial bias

How does judicial bias arise and persist in the legal system? We trace the lifecycle of judicial bias in India's criminal courts, leveraging the quasi-random assignment of judges to courts and cases. We first document su...Read more...

Journal article

Journal of Policy Modeling:

Social policy gone bad educationally: unintended peer effects from transferred students

What is the impact of an increase of lower-ability students in a university class? We examine a natural experiment in which students from large, low-income families had the chance to transfer to academic programs at a lo...Read more...

CEP discussion paper

Random placement but real bias

Many studies exploit the random placement of individuals into groups such as schools or regions to estimate the effects of group-level variables on these individuals. Assuming a simple data generating process, we show th...Read more...

Journal article

Transactions of the Institute of British Geographers:

Finding stars: mapping the geography of the world's scientific elites

This paper presents the first systematic city-level mapping of global scientific talent, analysing the top 200,000 star scientists across 3635 cities worldwide annually between 2019 and 2023. We use a novel Knowledge Gen...Read more...

CentrePiece article

Hiroshima: urban resilience after the atomic bomb

Why the city centre re-emerged from destruction....Read more...

Journal article

Oxford Review of Economic Policy:

Green transitions: complementarities, multiple equilibria, and tipping points

With strategic complementarities stemming from peer effects in demand or technological spillovers, propagation and amplification mechanisms increase the effectiveness of climate policies. This suggests that climate goals...Read more...

Blog

Vox EU:

Hiroshima: Resilience of city structure after the atomic bombing

Cities have faced a host of shocks throughout history, including earthquakes, hurricanes, coastal flooding, and storm surges, as well as wartime destruction, such as in the current Russia-Ukraine conflict. This column lo...Read more...

Journal article

American Economic Review:

Fighting climate change: international attitudes toward climate policies

This paper explores global perceptions and understanding of climate change and policies, examining factors that influence support for climate action and the impact of different types of information. We conduct large-scal...Read more...

CEP discussion paper

Location choice when the number of jobs matters: matching in spatial equilibrium

The idea that people want to go to where the jobs are is intuitive yet is absent from the standard quantitative spatial modelling approach in which location choices are guided by prices, without reference to quantities (...Read more...

CEP discussion paper

Multinational networks and trade participation

We provide a novel explanation for the dominance of multinational corporations (MNCs) in international trade: MNC affiliates face lower trade frictions in countries that belong to their parental network. Combining rich a...Read more...

Blog

What works centre for local economic growth:

Thinking through multipliers: small numbers, big value

Last week we held the second in our current series of breakfast briefing webinars - Thinking through multipliers: Learning from BBC relocation. The event focused on what multipliers are and why local growth policymakers ...Read more...

Journal article

American Economic Review:

Five facts about MPCs: evidence from a randomized experiment

We present five facts from an experiment on the marginal propensity to consume (MPC) out of transitory transfers: (1) the one-month MPC on a cash-like transfer is 23 percent; (2) it is substantially higher (61 percent) o...Read more...

Journal article

Journal of Economic Geography:

On the productivity advantage of cities

Agglomeration externalities are the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities stress the importance of total factor producti...Read more...

Journal article

Journal of International Economics:

Are trade wars class wars? The importance of trade-induced horizontal inequality

What is the nature of the distributional effects of trade? This paper demonstrates conceptually and empirically the importance of ?trade-induced horizontal inequality,? i.e. inequality that occurs among workers with the ...Read more...

CEP discussion paper

Identifying agglomeration shadows: long-run evidence from ancient ports

We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "...Read more...

CEP discussion paper

Gender, careers and peers' gender mix

We use Italian Social Security data to study how the gender composition of a worker's professional network influences their career development. By exploiting variation within firms, occupations, and labor market entry co...Read more...

Journal article

The Review of Economic Studies:

Does pricing carbon mitigate climate change? Firm-level evidence from the European Union Emissions Trading System

In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. Using administrative data, we estimate that, on average, the European Union Emissi...Read more...

Journal article

AEA Papers and Proceedings:

The changing nature of pollution, income, and environmental inequality in the United States

This paper uses tax records linked to administrative Census data and high-resolution measures of air pollution exposure (PM2.5) to study the evolution of the Black-White pollution exposure gap since 1984. We decompose ch...Read more...

CEP discussion paper

The economic dynamics of city structure: evidence from Hiroshima's recovery

We provide new theory and evidence on the resilience of the internal city structure after a large shock by analyzing the atomic bombing of Hiroshima. Exploiting newly digitized data, we document that the city structure r...Read more...

CEP discussion paper

Neighborhood effects: evidence from wartime destruction in London

We use the German bombing of London during the Second World War as an exogenous source of variation to provide evidence on neighborhood effects. We construct a newly-digitized dataset at the level of individual buildings...Read more...

Journal article

Journal of Labor Economics:

The employment and distributional impacts of Nationwide Minimum Wage changes

We estimate the effect of the introduction of the UK?s National Living Wage in 2016, and increases in it up to 2019, using a new empirical method. We apply a bunching approach to a setting with no geographical variation ...Read more...

Journal article

Journal of the European Economic Association :

Formation of college plans: expected returns, preferences and adjustment process

We exploit a large exogenous shock to study the formation, and updating, of educational plans, and to examine how these plans ultimately impact later educational attainment. Using novel, longitudinal, microdata on cohort...Read more...

CEP discussion paper

Urban-biased structural change

Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over the last few decades has been urban-biased: structural change has been more pronounced in areas with ...Read more...

Journal article

The Review of Economics and Statistics :

Class rank and long-run outcomes

This paper considers an unavoidable feature of the school environment, class rank. What are the long-run effects of a student's ordinal rank in elementary school? Using administrative data on all public-school students i...Read more...

CEP discussion paper

The distributional effects of trade: theory and evidence from the United States

How much do consumption patterns matter for the impact of international trade on inequality? In neoclassical trade models, the effects of trade shocks on consumers' purchasing power are governed by the shares of imports ...Read more...

CEP discussion paper

Peer pressure and manager pressure in organisations

We study the interaction between horizontal (peer) and vertical (manager) social factors in workers' motivation. In our setting, individuals work using open-plan desks. Using a natural experiment, we identify a sharp inc...Read more...

CEP discussion paper

Are trade wars class wars? The importance of trade-induced horizontal inequality

What is the nature of the distributional effects of trade? This paper demonstrates conceptually and empirically the importance of "trade-induced horizontal inequality," i.e., inequality brought about by trade shocks that...Read more...

Journal article

The Economic Journal:

Teacher effectiveness and classroom composition: understanding match effects in the classroom

This paper provides evidence of match effects in the teacher labour market by considering how teacher effectiveness varies by classroom composition. We combine random assignment of teachers with rich measures of teaching...Read more...

Journal article

American Economic Journal: Applied Economics:

Neighbors' effects on university enrollment

This paper provides causal evidence that close neighbors signigicantly influence potential applicants' decision to attend university. I create a unique dataset combining detailed geographic information and individual edu...Read more...

CEP discussion paper

Social policy gone bad educationally: unintended peer effects from transferred students

What is the impact of an increase of lower-ability students in a university class? We examine a natural experiment from Greece in which students from large, low-income families had the chance to transfer to academic prog...Read more...

Journal article

Journal of Population Economics:

In medio stat victus: labor demand effects of an increase in the retirement age

After falling for four decades, statutory retirement ages are increasing in most OECD countries. The labor market adjustment to these reforms has not yet been thoroughly investigated by the literature. We draw on a major...Read more...

Journal article

Research Policy :

No inventor is an island: social connectedness and the geography of knowledge flows in the US

Do informal social ties connecting inventors across distant places promote knowledge flows between them? To measure informal ties, we use a new and direct index of social connectedness of regions based on aggregate Faceb...Read more...

Journal article

Oxford Research Encyclopedia of Economics and Finance:

The effects of parental job loss on children's outcomes

Severe economic downturns are typically characterized by a high incidence of job losses. The available evidence suggests that job losers suffer short-run earning losses that persist in the long run, are more likely to re...Read more...

CEP discussion paper

Firm export responses to tariff hikes

We study how firms react to unexpected increases in import tariffs. We identify our results from a sudden removal of American preferential tariffs applied on Argentine imports under the Generalized System of Preferences,...Read more...

Journal article

Management Science:

Stars and brokers: knowledge spillovers among medical scientists

This paper estimates the heterogeneity in peer effects among research scientists in terms of network position. I propose a new measure, brokerage degree, that determines the extent to which a scientist depends on a coaut...Read more...

CEP discussion paper

Consumption access and agglomeration: evidence from smartphone data

We provide new theory and evidence on the role of consumption access in understanding the agglomeration of economic activity. We combine smartphone data that records user location every 5 minutes of the day with economic...Read more...

Journal article

The Quarterly Journal of Economics:

The making of the modern metropolis: evidence from London

Using newly constructed spatially disaggregated data for London from 1801 to 1921, we show that the invention of the steam railway led to the first large-scale separation of workplace and residence. We show that a class ...Read more...

Journal article

Journal of Economic Geography:

Tales of the city: what do agglomeration cases tell us about agglomeration in general?

This article considers the heterogeneous microfoundations of agglomeration economies. It studies the co-location of industries to look for evidence of labour pooling, input sharing and knowledge spillovers. The novel con...Read more...

CEP discussion paper

O brother, where start thou? Sibling spillovers on college and major choice in four countries

Family and social networks are widely believed to influence important life decisions but identifying their causal effects is notoriously difficult. Using admissions thresholds that directly affect older but not younger s...Read more...

CEP discussion paper

On the productivity advantage of cities

Ever since Marshall (1890) agglomeration externalities have been viewed as the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities str...Read more...

CVER Research Paper

Peer Effects and Social Influence in Post-16 Educational Choice

This paper investigates the impact of peers' ability on an individual's post-compulsory educational choices in terms of whether they select an academic route or a vocational route. In order to overcome the common problem...Read more...

CEP discussion paper

Should I stay or should I go? Neighbors' effects on university enrollment

This paper investigates whether the decision to attend university depends on university enrollment of close neighbors. I create a unique dataset combining detailed geographic information and educational records from diff...Read more...

Journal article

Journal of Public Economics:

Quantifying the intangible impact of the Olympics using subjective well-being data

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in Lond...Read more...

Journal article

Economics of Transportation:

Quantifying wider economic impacts of agglomeration for transport appraisal: existing evidence and future directions

The Authors This paper is concerned with the Wider Economic Impacts (WEIs) of transport improvements that arise via scale economies of agglomeration. It reviews the background theory and empirical evidence on agglomerati...Read more...

Journal article

Journal of Urban Economics:

Measuring urban economic density

At the heart of urban economics are agglomeration economies, which drive the existence and extent of cities. This paper estimates urban agglomeration effects, exploring simple and very nuanced measures of economic densit...Read more...

CEP discussion paper

Quantifying the intangible impact of the Olympics using subjective well-being data

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in Lond...Read more...

Journal article

IZA Journal of Labor Economics:

Reallocation and the role of firm composition effects on aggregate wage dynamics

Aggregate wages display little cyclicality compared to what a standard model would predict. Wage rigidities are an obvious candidate, but the existing literature has emphasized the need to take into account the growing i...Read more...

CEP discussion paper

Tales of the city: what do agglomeration cases tell us about agglomeration in general?

This paper considers the heterogeneous microfoundations of agglomeration economies. It studies the co-location of industries to look for evidence of labor pooling, input sharing, and knowledge spillovers. The novel contr...Read more...

CentrePiece article

The making of the modern metropolis: evidence from London

Stephen Redding and colleagues examine how the introduction of steam railways shaped the emerging metropolitan area of London....Read more...

CentrePiece article

In brief... What the Berlin Wall can teach us about urban development

Award-winning CEP research considers what can be learned from the division and reunification of Berlin....Read more...

CVER Research Paper

The causal effect of secondary school peers on educational aspirations

This paper uses data from the Longitudinal Study of Young People in England (LSYPE) to investigate how the educational aspirations of secondary school pupils in Year 9 (at age 14) and in Year 11 (at age 16) are influence...Read more...

CEP discussion paper

Teacher effectiveness and classroom composition

This paper studies how the effectiveness of teachers varies by classroom composition, combining random assignment of teachers with rich measures of teaching practices based on a popular teacher-evaluation protocol. We fi...Read more...

CEP discussion paper

The making of the modern metropolis: evidence from London

Modern metropolitan areas involve large concentrations of economic activity and the transport of millions of people each day between their residence and workplace. We use the revolution in transport technology from the i...Read more...

CEP discussion paper

History dependence in the housing market

Using data on the universe of housing transactions in England and Wales over a twenty-year period, we document a robust pattern of history dependence in housing markets. Sale prices and selling propensities are affected ...Read more...

CEP discussion paper

Quantifying wider economic impacts of agglomeration for transport appraisal: existing evidence and future directions

This paper is concerned with the Wider Economic Impacts (WEIs) of transport improvements that arise via scale economies of agglomeration. It reviews the background theory and empirical evidence on agglomeration, explains...Read more...

CEP discussion paper

The billion pound drop: the blitz and agglomeration economies in London

This paper exploits locally exogenous variation in the location of bombs dropped during the Blitz to quantify the effect of density restrictions on agglomeration economies in London: an elite global city. Employing micro...Read more...

CEP discussion paper

Fast track to growth? Railway access, population growth and local displacement in 19th century Switzerland

We study the effect of railway access on population growth in 19th century Switzerland. Our analysis is based on geo-referenced railway network information and an inconsequential units IV approach. Gaining direct railway...Read more...

Journal article

Journal of Economic Geography:

From periphery to core: measuring agglomeration effects using high-speed rail

We analyze the economic impact of the German high-speed rail (HSR) connecting Cologne and Frankfurt, which provides plausibly exogenous variation in access to surrounding economic mass. We find a causal effect of about 8...Read more...

CentrePiece article

How 'local' are local labour markets?

If we want to create jobs in disadvantaged local areas, the idea of `local? needs to be revisited. Alan Manning and Barbara Petrongolo explain the problem of thinking of geographical space as non-overlapping single labou...Read more...

CEP discussion paper

It's time to learn: understanding the differences in returns to instruction time

As hours per day are inherently a limited resource, increasing daily instruction time reduces the amount of time pupils can dedicate to other activities outside school. We study how the effect of longer school days on ac...Read more...

CEP discussion paper

Economic integration, foreign investment and international trade: the effects of membership of the European Union

This paper investigates the importance of economic integration in simultaneously fostering foreign direct investment (FDI) and international trade. These have rarely been analyzed jointly using contemporary econometric m...Read more...

CVER Research Paper

Peer Effects and Social Influence in Post-16 Educational Choice

This paper investigates whether the educational choices that young people make after the completion of their GCSEs (at age 16) are influenced by their peers. More specifically, it takes advantage of the variation in peer...Read more...

Journal article

Annual Review of Economics:

Quantitative spatial economics

The observed uneven distribution of economic activity across space is influenced by variation in exogenous geographical characteristics and endogenous interactions between agents in goods and factor markets. Until the pa...Read more...

Journal article

Journal of Urban Economics:

Sorting and agglomeration economies in French economics departments

Are agglomeration and peer effects at stake in academic research? To tackle this question, we study how departments? characteristics affect the quantity and quality of academics? publications in economics in France, cont...Read more...

Journal article

Journal of Economic Geography:

Agglomeration externalities and urban growth controls

How can land use policy enhance the exploitation of external urban agglomeration economies? In a system of heterogeneous cities, we show that the second-best land use policy constrains city creation, while subsidizing (t...Read more...

CEP discussion paper

Quantitative spatial economics

The observed uneven distribution of economic activity across space is influenced by variation in exogenous geographical characteristics and endogenous interactions between agents in goods and factor markets. Until recent...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Traffic Externalities and Housing Prices: Evidence from the London Congestion Charge

This study exploits the introduction of the London Congestion Charge (CC) that greatly improves traffic conditions in Central London to provide new evidence on the capitalization of traffic externalities onto housing val...Read more...

CEP discussion paper

Powering education

More than 1.3 billion people worldwide have no access to electricity and this has first-order effects on several development dimensions. In this paper we focus on the link between access to light and education. We random...Read more...

Journal article

Regional Science and Urban Economics:

Local agglomeration, entrepreneurship and the 2008 recession: evidence from Italian industrial districts

We investigate whether the impact of recessions on entrepreneurship is affected by the presence of industrial districts, a source of local agglomeration economies. Using Italian Labour Force quarterly data from 2006 to 2...Read more...

SERC/Urban and Spatial Programme Policy Paper

Powerhouse of Cards? Understanding the 'Northern Powerhouse'

The `Northern Powerhouse? is the UK government?s latest attempt to reduce regional disparities. By bringing together the cluster of cities in the North of England, the aim is to create an agglomeration with the scale to ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Big Plant Closures and Agglomeration Economies

This paper analyses the effects of large manufacturing plant closures on local employment. Specifically, we estimate the net employment effects of the closure of 45 large manufacturing plants in Spain, which relocated ab...Read more...

SERC/Urban and Spatial Programme Discussion Paper

What Makes Cities More Productive? Agglomeration Economies and the Role of Urban Governance: Evidence from 5 OECD Countries

This paper estimates agglomeration benefits across five OECD countries, and represents the first empirical analysis that combines evidence on agglomeration benefits and the productivity impact of metropolitan governance ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

From Periphery to Core: Measuring Agglomeration Effects Using High-Speed Rail

We analyze the economic impact of the German high-speed rail (HSR) connecting Cologne and Frankfurt, which provides plausibly exogenous variation in access to surrounding economic mass. We find a causal effect of about 8...Read more...

CEP discussion paper

City of dreams

Higher ability workers benefit more from bigger cities while housing costs there are higher for everyone, and yet there is little sorting on ability. A possible explanation is that young individuals have an imperfect ass...Read more...

CEP discussion paper

What is 'firm heterogeneity' in trade models? The role of quality, scope, markups and cost

We estimate a structural model of heterogeneous multiproduct firms to examine the sources of firm heterogeneity emphasized in the recent trade and macro literatures. Using Nielsen barcode data on prices and sales, we est...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Spatial Methods

This paper is concerned with methods for analysing spatial data. After initial discussion on the nature of spatial data, including the concept of randomness, we focus most of our attention on linear regression models tha...Read more...

Journal article

American Economic Review:

Industry compensation under relocation risk: a firm-level analysis of the EU emissions trading scheme

When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage cau...Read more...

CEP discussion paper

Because I'm worth it: a lab-field experiment on the spillover effects of incentives in health

We conduct a controlled lab-field experiment to directly test the short-run spillover effects of one-off financial incentives in health. We consider how incentives affect effort in a physical activity task ? and then how...Read more...

CentrePiece article

Everybody needs good neighbours?

There are large disparities between the achievements, behaviour and aspirations of children in different neighbourhoods ? but does this mean that the place where you grow up determines your later life outcomes? Steve Gib...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Heterogeneous Agglomeration

Many prior treatments of agglomeration either explicitly or implicitly suppose that all industries agglomerate for the same reasons, with traditional Marshallian (1890) factors affecting all industries similarly. An impo...Read more...

CentrePiece article

In brief... Top of the class

Boys may be better off not going to the school with high-performing peers, according to research by Richard Murphy and Felix Weinhardt, which explores how much impact there is on later confidence and exam results from wh...Read more...

CEP discussion paper

The importance of rank position

We find an individual?s rank within their reference group has effects on later objective outcomes. To evaluate the impact of local rank, we use a large administrative dataset tracking over two million students in England...Read more...

External report

World Happiness Report 2013

The second World Happiness Report, released on Sept 9th 2013, further strengthens the case that well-being should be a critical component of how the world measures its economic and social development....Read more...

CentrePiece article

In brief... University exam results matter

As thousands of undergraduates across the UK take their exams, a study by Andy Feng and Georg Graetz reveals the importance of the results for subsequent earnings - specifically the value of a First compared with an Uppe...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Urban Wage Growth Premium: Sorting or Learning?

This paper is concerned with the urban wage premium and addresses two central issues about which the field has not yet reached a consensus. First, the extent to which sorting of high ability individuals into urban areas ...Read more...

CEP discussion paper

Pushing on a string: US monetary policy is less powerful in recessions

We estimate the impulse response of key US macro series to the monetary policy shocks identified by Romer and Romer (2004), allowing the response to depend flexibly on the state of the business cycle. We find strong evid...Read more...

CEP discussion paper

Concentration versus re-matching? Evidence about the locational effects of commuting costs

Using administrative employer-employee data from Germany, I exploit two reductions of tax breaks for commuting in 2003/4 and 2006/7 to estimate commuting costs? effect on the decision to switch job and move house. Standa...Read more...

CEP discussion paper

When the Cat is Near, the Mice Won't Play: The Effect of External Examiners in Italian Schools

We use a natural experiment to show that the presence of an external examiner has both a direct and an indirect negative effect on the performance of monitored classes in standardized educational tests. The direct effect...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Rocketing Rents The magnitude and attenuation of agglomeration economies in the commercial property market

Rocketing rents in urban areas are likely explained by agglomeration economies. This paper measures the impact of these external economies on commercial property values using unique micro?]data on commercial rents and em...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Specialization and Regional Economic Development

Debates about urban growth and change often center on specialization.However, arguments linking specialization to metropolitan economic development contain diverse, and sometimes conflicting, claims. Is it better to be h...Read more...

Journal article

Regional Science and Urban Economics:

Agglomeration, trade and selection

This paper studies how firm heterogeneity in terms of productivity affects the balance between agglomeration and dispersion forces in the presence of pecuniary externalities through a selection model of monopolistic comp...Read more...

CEP discussion paper

Selection Effects with Heterogeneous Firms

We provide a general characterization of which firms will select alternative ways of serving a market. If and only if firms' maximum profits are supermodular in production and marketaccess costs, more efficient firms wil...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Economics of Density: Evidence from the Berlin Wall

This paper develops a quantitative model of city structure to separate agglomeration forces, dispersion forces and fundamentals as determinants of location choices. The model remains tractable and amenable to empirical a...Read more...

CEP discussion paper

The Economics of Density: Evidence from the Berlin Wall

This paper develops a quantitative model of city structure to separate agglomeration forces, dispersion forces and fundamentals as determinants of location choices. The model remains tractable and amenable to empirical a...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Do Homeowners Benefit Urban Neighborhoods? Evidence from Housing Prices

Homeownership is heavily subsidized in many countries mainly through the tax code. The adverse effects of lenient tax treatment of owner-occupied housing on economic efficiency and growth are large and well documented in...Read more...

Journal article

Journal of Labor Economics:

The good, the bad, and the average: evidence on ability peer effects in schools

We study ability peer effects in English secondary schools using data on four cohorts of students taking age-14 national tests and measuring peers' ability by prior achievements at age 11. Our identification is based on ...Read more...