Results

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...

Journal article

Journal of Political Economy:

East-side story: historical pollution and persistent neighborhood sorting

Why are the east sides of formerly industrial cities more deprived? To answer this question, we use individual-level census data and create historical pollution patterns derived from the locations of 5,000 industrial chi...Read more...

SERC/Urban and Spatial Programme Discussion Paper

East Side Story: Historical Pollution and Persistent Neighborhood Sorting

Why are the East sides of former industrial cities like London or New York poorer and more deprived? We argue that this observation is the most visible consequence of the historically unequal distribution of air pollutan...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Time Value of Housing: Historical Evidence from London Residential Leases

Most housing transactions in London involve trading long leases of varying lengths. We exploit this feature to estimate the time value of housing --- the relationship between the value of a property and the length of tim...Read more...