Results

Journal article

Social Science and Medicine:

Do people get used to working long hours?

Overemployment - working more hours than desired - affects nearly one-third of European workers, yet its consequences remain understudied. Using data from the German Socio-Economic Panel (SOEP, 1984-2019, N = 43,570) and...Read more...

Journal article

Review of Economics and Statistics:

Managing export complexity: the role of service outsourcing

As manufacturing firms expand globally, business services such as advertising and legal support become essential for entering new markets. Exploiting exogenous demand shocks, we document that French manufacturers increas...Read more...

CEP discussion paper

Mind the lag: using assessed and list prices as proxies for housing market values

Property transaction prices are widely regarded as the best measure of property value, but are sometimes unavailable. Using data from the Netherlands and New York, we analyze whether list prices and assessed values are r...Read more...

CEP discussion paper

The Economics of climate innovation: technology, climate policy, and the clean energy transition

We examine the economics of climate innovation and its role in the clean technology transition. It outlines the incentives, market failures, and policy levers that shape the development and diffusion of clean technologie...Read more...

CEP discussion paper

Empirical welfare analysis with hedonic budget constraints

We analyze demand settings where heterogeneous consumers maximize utility for product attributes subject to a nonlinear budget constraint. We develop nonparametric methods for welfare-analysis of interventions that chang...Read more...

CEP discussion paper

Valuing consumption services as technology transforms accessibility: Evidence from Beijing

Home delivery reduced the value of cities as locations to access variety in durable consumption goods. Food delivery services (FDS) are doing the same for restaurants. Home-streaming of sports or home-delivered restauran...Read more...

Chapter

Happiness and spatial inequality: past, present, and future

in Encyclopedia of Happiness, Quality of Life and Subjective Wellbeing

Why are people happier in certain places as opposed to others? Understanding why people choose to live in a certain area, the elements they take into account when making this decision, and the value that they place on ea...Read more...

Blog

Vox EU:

Managing to cope with natural disasters

Human-induced climate change is making disasters more frequent and more intense. Policy could help reduce the economic costs of climate change by helping firms withstand extreme weather events. This column explores how m...Read more...

CEP discussion paper

Back to Edgeworth? Estimating the value of time using hedonic experiences

Following early economist Francis Y. Edgeworth's proposal to measure people's hedonic experiences as they go about their daily lives, we use a smartphone app that surveyed a panel of 30; 928 individuals UK-wide over seve...Read more...

Journal article

Journal of Economic Behavior and Organization :

Should bads be inflicted all at once, like Machiavelli said? Evidence from life-satisfaction data

Is wellbeing, measured by life satisfaction, higher if the same number of negative events is spread out rather than bunched in time? Is it better if positive events are spread out or bunched? We answer these questions em...Read more...

Journal article

Review of Economics of the Household:

Do individuals adapt to all types of housing transitions?

This paper provides one of the first tests of adaptation to the complete set of residential transitions. We use long-run SOEP panel data and consider the impact of all housing transitions, whether or not they involve a c...Read more...

CEP discussion paper

Managing export complexity: The role of service outsourcing

As manufacturing firms expand globally, business services like advertising and legal support become essential for accessing new markets. This paper investigates how firms organize the provision of such market access serv...Read more...

Journal article

Journal of Urban Economics:

Market tremors: Shale gas exploration, earthquakes, and their impact on house prices

Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks from hydraulic ...Read more...

CEP discussion paper

Machiavelli versus concave utility functions: should bads be spread out or concentrated?

Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive an...Read more...

Journal article

Urban Studies:

Does the law of one price hold for hedonic prices?

Hedonic prices of locational attributes in urban land markets are determined by a process of spatial arbitrage that is similar to that which underpins the law of one price. If hedonic prices deviate from their spatial eq...Read more...

CentrePiece article

In brief... Fear of fracking: the impact on UK house prices

Shale gas offers the prospect of a low-cost energy future ? but does extracting it invoke anxieties about the possibility of environmental catastrophe among local residents? Research by Steve Gibbons and colleagues detec...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain

Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks ? such as dama...Read more...

Journal article

The Review of Economics and Statistics:

Adaptation to poverty in long-run panel data

We consider the link between poverty and subjective wellbeing and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show, first,...Read more...

CEP discussion paper

Team adaptation

We model an organization as a team choosing between a status quo project and a potentially superior alternative. We show that the members? concern for each other?s motivation leads to a lack of communication, resulting i...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Role of Education for Amenity Based Sorting in British Cities

This paper investigates the relation between amenities and skills by looking at the sorting behavior of skilled individuals across neighbourhoods within British cities. Using a detailed micro dataset on housing transacti...Read more...

CEP discussion paper

Adaptation to poverty in long-run panel data

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Asymptotic Properties of Imputed Hedonic Price Indices

Hedonic price indices are currently considered to be the state-of-the-art approach to computing constant-quality price indices. In particular, hedonic price indices based on imputed prices have become popular both among ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Urban Renewal after the Berlin Wall

Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renew...Read more...

CentrePiece article

In brief... The long reach of childhood bullying

Does the fear of being bullied in childhood affect people's resilience to adverse life events they may face in adulthood? The author investigates whether the 'scarring' effects are particularly damaging to individuals wh...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Urbanity

I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spati...Read more...

CEP discussion paper

Decision-making and implementation in teams

We use a mechanism?design approach to study a team whose members choose a joint project and exert individual efforts to execute it. Members have private information about the qualities of alternative projects. Informatio...Read more...

CEP discussion paper

Smoking, Income and Subjective Well-Being: Evidence from Smoking Bans

This paper investigates the effects of local smoking bans on different outcomes using county and time variation over the last 20 years in the US. First, I find no evidence that local smoking bans in bars, restaurants and...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

Historic Amenities, Income and Sorting of Households

We test the impact of historic amenities on house prices and sorting of households within cities. Conservation area boundaries enable us to employ a semiparametric regression-discontinuity approach to measure the impact ...Read more...

CEP discussion paper

Resilience to Economic Shocks and the Long Reach of Childhood Bullying

This paper investigates whether people?s ability to withstand and adapt to one of the most important economic shocks ? job loss ? is determined early on in childhood. Using nationally representative longitudinal data tha...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Valuing Iconic Design: Frank Lloyd Wright Architecture in Oak Park, Illinois

This study investigates the willingness of homebuyers to pay for co-location with iconic architecture. Oak Park, Illinois was chosen as the study area given its unique claim of having 24 residential structures designed b...Read more...

SERC/Urban and Spatial Programme Discussion Paper

If We Build, Will They Pay? Predicting Property Price Effects of Transport Innovations

In this study I develop a partial equilibrium approach for the prediction of property price effects of transport network extensions. It combines a gravity-type labor market accessibility indicator with a transport decisi...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Amenity Value of English Nature: A Hedonic Price Approach

Using a hedonic property value price approach, we estimate the amenity value associated with proximity to habitats, designated areas, domestic gardens and other natural amenities in England. There is a long tradition of ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Towards the Resilient Region?: Policy Activism and Peripheral Region Development

Discussions of local and regional development have recently broadened from a preoccupation with growth to one which captures the notion of resilience. This paper makes two main contributions to these debates. First, the ...Read more...

CEP discussion paper

Lags and Leads in Life Satisfaction: A Test of the Baseline Hypothesis

We look for evidence of habituation in twenty waves of German panel data: do individuals, after life and labour market events, tend to return to some baseline level of well-being? Although the strongest life satisfaction...Read more...

CEP discussion paper

The Growth of Network Computing: Quality Adjusted Price Changes for Network Servers

In this paper we investigate the evolution of quality adjusted prices for servers motivated by two facts. First, the productivity acceleration in the US economy since the mid 1990s is closely linked to spread of informat...Read more...