Results

CEP discussion paper

Economics of greenfield urban planning

Urban planning has shaped cities for millennia, demarcating property rights and mitigating coordination failures, but its rigidities often conflict with market-driven development, which reflects preferences. Although pla...Read more...

CEP discussion paper

Evaluating transport improvements in spatial equilibrium

The recent development of quantitative urban models provides a new set of tools for evaluating transport improvements. Conventional cost-benefit analyses are typically undertaken in partial equilibrium. In contrast, quan...Read more...

Journal article

Journal of Economic Perspectives:

A Practical Guide to Shift-Share Instruments

A recent econometric literature shows two distinct paths for identification with shift-share instruments, leveraging either many exogenous shifts or exogenous shares. We present the core logic of both paths and practical...Read more...

Journal article

PloS ONE:

Agglomeration costs limit sustainable innovation in cities in developing economies

Theory and evidence from developed economies suggests that innovation activities benefit from agglomeration economies associated with urban economic density. However, despite the fact that eighteen of the world’s top twe...Read more...

CEP discussion paper

Quantitative urban economics

This paper reviews recent quantitative urban models. These models are sufficiently rich to capture observed features of the data, such as many asymmetric locations and a rich geography of the transport network. Yet these...Read more...

Submission to a parliamentary inquiry and government consultation

Scottish parliament: Local Government, Housing and Planning Committee

Christian Hilber gives evidence to the Housing inquiry....Read more...

Journal article

World Development:

Institutional transition: Social cohesion and demand for land titles in urban Tanzania

In much of urban Africa, demand for statutory property rights remains low even when governments coordinate land titling programmes and reduce the costs of registration. This paper studies the Residential Licence programm...Read more...

Blog

Centre for cities:

City Talks: Why we are seeing a boom in urban economics research (Podcast)

We are constantly finding out more about where people live and work, how people move around, where businesses choose to locate, and where people spend their money - all of which adds more depth to our picture of cities. ...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...

Journal article

Journal of Regional Science:

Within-city roads and urban growth

In this paper we study the role of within-city roads layout in fostering city growth. Within-city roads networks have not been studied extensively in economics although they are essential to facilitate human interactions...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

Putting quantitative models to the test: An application to Trump's trade war

The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility ...Read more...

Journal article

AEA Papers and Proceedings:

The Linear Algebra of Economic Geography Models

We provide sufficient statistics for nominal and real wage exposure to productivity shocks in a constant elasticity economic geography model. These exposure measures summarize the first-order general equilibrium elastici...Read more...

Journal article

Town Planning Review:

Pushing water uphill: containment policies doomed to fail

London has had a green belt for seventy years making it the ‘canary in the coal mine’ for ‘zero land take’. Because of strong demand for housing space, rising prosperity underlies rising urban land demand so rigid physic...Read more...

Journal article

American Economic Journal: Economic Policy :

Local Retail Prices, Product Variety, and Neighborhood Change

We study how local grocery markets within a city are affected by changes in housing markets. Our empirical strategy exploits a shift in the spatial distribution of construction activity induced by a large-scale, place-ba...Read more...

Journal article

Urban Studies:

Unbundling tenure security and demand for property rights: Evidence from urban Tanzania

Rapid urbanisation in sub-Saharan Africa occurs with little land registration, and government-led regularisation schemes often find limited uptake of title deeds by residents. In theory, there could be private and public...Read more...

Journal article

Journal of Environmental Psychology: Forthcoming

Working memory and fluid intelligence are differentially related to categories of urban fabric in older adults: Results from the Berlin aging study

Urbanization is Globally increasing at a rapid rate but its consequences for mental health, including cognitive functioning, are not well understood. In particular, little is known about the effects of different morpholo...Read more...

Blog

Vox EU:

Urban-biased structural change

Economic activity in high-income countries has shifted towards services and away from manufacturing. But research remains scant on the patterns of structural change within countries across urban and rural areas. Using mi...Read more...

CEP discussion paper

The skyscraper revolution: Global economic development and land savings

Tall buildings are central to facilitating sustainable urbanization and growth in cities worldwide. We estimate average elasticities of city population and built area to aggregate city building heights of 0.12 and -0.17,...Read more...

Journal article

AEA Papers and Proceedings:

The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France

Using an event study methodology and comprehensive micro data from the French manufacturing sector, we analyze the local labor market effects of investments in modern manufacturing capital, including modern automation te...Read more...

Chapter

The What Works Centre for Local Economic Growth: some lessons from the first ten years

in The What Works Centres: lessons and insights from an evidence movement

What can policy do to increase local economic growth? This is a question that has challenged decision makers and academics for decades. It's also a fundamental question today, when the UK government has made economic gro...Read more...

Journal article

Journal of Economic Perspectives:

Quantitative urban models: from theory to data

Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concen...Read more...

Journal article

Regional Studies: Forthcoming

Inclusive innovation in cities: from buzzword to policy

'Inclusive innovation' has become an increasingly important subnational policy agenda. This paper reviews this agenda, critiques its current usage and presents a new framework for how the concept can be applied by city g...Read more...

Journal article

Urban Studies:

Progressive cities: urban-rural polarisation of social values and economic development around the world

In contrast to the conservative values of rural populations, cities are often seen as bulwarks of more tolerant, liberal and progressive values. This urban-rural divide in values has become one of the major fault lines i...Read more...

CEP discussion paper

The economics of cities: from theory to data

Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concen...Read more...

Chapter

Housing policy and affordable housing

in Oxford Research Encyclopedia of Economics and Finance

Lack of affordable housing is a growing and often primary policy concern in cities throughout the world. The main underlying cause for the "affordability crisis," which has been mounting for decades, is a combination of ...Read more...

Blog

The Diplomat:

Asia's Development Model Is Now Jeopardizing Its Future Economic Growth

Asia is facing an economic watershed moment. Turning the corner will require rethinking the role of its dominant, state-supported business groups....Read more...

Journal article

Journal of Political Economy: Forthcoming

The comparative advantage of firms

Resource-based theories propose that firms grow by diversifying into products that use common capabilities. We provide evidence for common-input capabilities, using a policy that removed entry barriers in input markets t...Read more...

Blog

UCLA Housing Voice:

Skyscrapers with Gabriel Ahlfeldt (podcast)

Skyscrapers! We can't help but find them fascinating. Some cities are full of skyscrapers, and others have none. Developers built a 70-story tower on that parcel, but the proposed building just down the street is only 30...Read more...

Journal article

Regional Science and Urban Economics:

Introduction to the special issue: "Urban economics and history"

Read more...

Journal article

Regional Science and Urban Economics:

History and urban economics

This article reviews recent literature using insights from history to answer central questions in urban economics. This area of research has seen rapid growth in the past decade, thanks to new technologies that have made...Read more...

Journal article

Regional Science and Urban Economics:

Viewing urban spatial history from tall buildings

Micro-geographic data capturing the spatial distribution of economic activity within cities in history are difficult to access. This paper discusses how tall and durable buildings can be exploited as a source of "big dat...Read more...

Journal article

Journal of Human Resources:

The urban wage premium in imperfect labor markets

Using administrative data for West Germany, this paper investigates whether part of the urban wage premium stems from fierce competition in thick labour markets. We first establish that employers possess less wage-settin...Read more...

Journal article

Urban Studies:

Incubators, accelerators and urban economic development

We combine theory and evidence on incubator and accelerator programmes and their effects on urban economic development. These structured co-working programmes have grown rapidly. However, a rich descriptive literature re...Read more...

Journal article

Health and Place:

Income-related health inequality in urban China (1991-2015): the role of homeownership and housing conditions

Unprecedented economic growth has been experienced over the several decades worldwide, but such rapid economic growth wasn't accompanied by equally-substantial improvement in health, especially health inequalities betwee...Read more...

Journal article

Urban Studies: Forthcoming

The city and the virus

Cities around the world are the epicentres of the coronavirus pandemic: both in the first wave, as the disease spread from East Asia, and now, as many countries enter a third wave of infections. These spatial patterns ar...Read more...

Journal article

Land Economics: Forthcoming

Urban land use fragmentation and human wellbeing

We study how land use fragmentation affects the life satisfaction of city dwellers. To this end, we calculate fragmentation metrics based on exact geographical coordinates of land use from the European Urban Atlas and of...Read more...

CEP report

Are 'green' jobs good jobs?

The transition to net-zero will have far-reaching but unequal effects, as 'dirty' jobs disappear while new jobs aligned with or supportive of the net-zero objective - which we refer to as 'green' - are created. As govern...Read more...

Journal article

Landscape and Urban Planning:

Urban green is more than the absence of city: Structural and functional neural basis of urbanicity and green space in the neighbourhood of older adults

The relationship between urbanization, the brain, and human mental health is subject to intensive debate in the current scientific literature. Particularly, since mood and anxiety disorders as well as schizophrenia are k...Read more...

Journal article

Economica:

Suburbanization in the USA, 1970-2010

The second half of the 20th century saw large-scale suburbanization in the USA, with the median share of residents who work in the county where they live falling from 87% to 71% between 1970 and 2000. We introduce a new ...Read more...

CEP Covid-19 analysis

City of dreams no more, a year on: worklessness and active labour market policies in urban India

This report provides key findings from a new field survey to assess the long-term impact of Covid-19 on urban workers in low-income areas of India. The survey took place during February and March 2021, just before the s...Read more...

Journal article

Journal of Political Economy:

Planning Ahead for Better Neighborhoods: Long-Run Evidence from Tanzania

Africa’s demand for urban housing is soaring, even as it faces a proliferation of slums. In this setting, can modest infrastructure investments in greenfield areas where people subsequently build their own houses facilit...Read more...

CEP discussion paper

Import liberalization as export destruction? Evidence from the United States

How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce an industry's exports by cutting domestic production. We find this export destruction mechanism...Read more...

Blog

Grantham Institute blogs:

The answer to housing's stubborn carbon emissions problem: green offsets

Paul Cheshire and Christian Hilber propose 'green offsets' to reduce property taxes in a way that is strictly scaled to energy efficiency, as a simple intervention to address the UK's urgent need to reduce its residentia...Read more...

External publication

Pancakes to pyramids: city form to promote sustainable growth (English)

Towns and cities are economic and social microcosms in which large numbers of people and firms interact. These interactions largely shape how a city looks, how it functions, and how it grows. But how exactly does this ma...Read more...

Blog

VoxEU:

Why housing is built in flood-prone coastal areas

Despite the higher susceptibility to floods and a growing climate crisis, more than 10% of the world's population live in low-elevation coastal zones, and that percentage is growing. Yatang Lin, Thomas McDermott and Guy ...Read more...

CEP discussion paper

Data-intensive innovation and the State: evidence from AI firms in China

Artificial intelligence (AI) innovation is data-intensive. States have historically collected large amounts of data, which is now being used by AI firms. Gathering comprehensive information on firms and government procur...Read more...

Journal article

Journal of Urban Economics:

The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget

Many governments aim to improve the labour market outcomes of people living in deprived areas through "place-making" initiatives. Economists are often sceptical about the effectiveness of such policies, but empirical evi...Read more...

CentrePiece article

Lessons in resilience from extreme economies

Covid-19 has shifted attention away from day-to-day matters to a question that is more fundamental, yet rarely asked by economists: how can we ensure resilience in the most pressurised times imaginable? Richard Davies dr...Read more...

CentrePiece article

In brief... Economics of skyscrapers

Many tall buildings appear to be out of scale given contemporary perceptions. But according to Gabriel Ahlfeldt and Jason Barr, the vast majority have a solid economic case for their construction....Read more...

CentrePiece article

In brief... City of dreams no more: Covid-19 in urban India

The pandemic has decimated livelihoods in urban India and created a new underclass of workers who are being pushed into poverty. A CEP report by Shania Bhalotia, Swati Dhingra and Fjolla Kondirolli calls for a national w...Read more...

Blog

LSE Business Review:

The use of designer reputation to build tall in London

Height exemptions are made easier when a world-famous architect is involved, but the process carries hidden costs, writes Paul Cheshire....Read more...

CEP discussion paper

The crisis and job guarantees in urban India

This paper uses a new field survey of low-wage areas of urban India to show that employment and earnings were decimated by the lockdown resulting from the Covid-19 crisis. It examines workers’ desire for a job guarantee ...Read more...

Blog

Economics Observatory:

Will coronavirus cause a big city exodus?

Big cities thrive because of the economic and social benefits of proximity - but proximity also helps to spread Covid-19. Does this mean an end to the big city revival of recent years? Much will depend on how quickly we ...Read more...

Journal article

Journal of Urban Economics:

Land tenure and land-use in a developing city: A quantitative spatial model applied to Kampala, Uganda

Land rights and tenure systems are an important factor behind poor housing and inefficient land-use in developing country cities. In Kampala, Uganda, four systems of land tenure coexist, allowing a detailed study of the ...Read more...

CEP Covid-19 analysis

City of dreams no more: the impact of Covid-19 on urban workers in India

Many developing economies have large informal sectors and growing urban youth populations, who lack basic social protections at work. The CEP surveyed 8,500 workers aged 18 to 40 in urban India to understand their experi...Read more...

CEP discussion paper

Globalisation and urban polarisation

External trade affects the internal spatial structure of an economy, promoting growth in some cities or regions and decline in others. Internal adjustment to these changes has often proved to be extremely slow and painfu...Read more...

CEP discussion paper

The economics of skyscrapers: a synthesis

This paper provides a synthesis of the state of knowledge on the economics of skyscrapers. First, we document how vertical urban growth has gained pace over the course of the 20th century. Second, we lay out a simple the...Read more...

Journal article

American Economic Journal: Applied Economics:

Flooded cities

Does economic activity move away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which displaced more than 650 million people worldwide in the last 35 years. We st...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

Dirty density: air quality and the density of American cities

We study whether urban density affects the exposure of city dwellers to ambient air pollution using satellite-derived measures of air quality for the contiguous United States. For identification, we rely on an instrument...Read more...

CEP discussion paper

The comparative advantage of firms

Resource based theories propose that firms grow by diversifying into products which use common capabilities. We provide evidence for common input capabilities using a policy that removed entry barriers in input markets t...Read more...

CEP discussion paper

The urban wage premium in imperfect labour markets

Using administrative data for West Germany, this paper investigates whether part of the urban wage premium stems from fierce competition in thick labour markets. We first establish that employers possess less wage-settin...Read more...

Journal article

Journal of Housing Economics:

Institutional settings and urban sprawl: Evidence from Europe

This article explores the role of institutional settings in determining spatial variation in urban sprawl across Europe. We first synthesize the emerging literature that links land use policies and local fiscal incentive...Read more...

Journal article

Journal of Housing Economics:

Housing in Europe: A different continent – A continent of differences

This article provides the introduction to the special issue on ‘Housing in Europe: a different continent – a continent of differences’ in the Journal of Housing Economics in 2018. Europe is a large continent with a long ...Read more...

Journal article

Review of International Economics:

Globalization and urban polarization

External trade affects the internal spatial structure of an economy, promoting growth in some cities or regions and decline in others. Internal adjustment to these changes has often proved to be extremely slow and painfu...Read more...

Journal article

Journal of the European Economic Association:

Does additional spending help urban schools? An evaluation using boundary discontinuities

This study exploits spatial anomalies in school funding policy in England to provide new evidence on the impact of resources on student achievement in urban areas. Anomalies arise because the funding allocated to Local E...Read more...

Journal article

The Economic Journal:

Location, Search Costs and Youth Unemployment: Experimental Evidence from Transport Subsidies

Do high search costs affect the labour market outcomes of jobseekers living far away from jobs? I randomly assign transport subsidies to unemployed youth in urban Ethiopia. Treated respondents increase job search intensi...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

Does gentrification displace poor households? An 'identification-via-interaction' approach

My theoretical model motivates an ‘identification-via-interaction’ (IvI) approach that separates the causal impact of gentrification on poor exits from endogenous channels. In the empirical analysis, I create a measure o...Read more...

CEP discussion paper

All in the family? CEO choice and firm organization

Family firms are the most prevalent firm type in the world, particularly in emerging economies. Dynastic family firms tend to have lower productivity, though what explains their underperformance is still an open question...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Colonial Legacies: Shaping African Cities

Differential institutions imposed during colonial rule continue to affect the spatial structure and urban interactions in African cities. Based on a sample of 318 cities across 28 countries using satellite data on built ...Read more...

Journal article

Journal of Regional Science:

A review of volume 5 of the Handbook of Regional and Urban Economics

[No abstract available]...Read more...

Journal article

Oxford Review of Economic Policy:

Life in a slum: Understanding living conditions in Nairobi's slums across time and space

This paper overviews the role of slums in urban Africa, focusing on Nairobi. It reveals the characteristics of slums and how these have changed over time. Spatially disaggregated data show that slum areas are very dense ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Planning Ahead for Better Neighborhoods: Long Run Evidence from Tanzania

What are the long run consequences of planning and providing basic infrastructure in neighborhoods, where people build their own homes? We study "Sites and Services" projects implemented in seven Tanzanian cities during ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Local Economic Impacts of Regeneration Projects: Evidence from UK's Single Regeneration Budget

We study the local economic impacts of a major regeneration programme aimed at enhancing the quality of life of local people in deprived neighbourhoods in the UK. The analysis is based on a panel of firm and area level d...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Compact City in Empirical Research: A Quantitative Literature Review

The ‘compact city’ is one of the most prominent concepts to have emerged in the global urban policy debate, though it is difficult to ascertain to what extent its theorised positive outcomes can be substantiated by evide...Read more...

Journal article

Journal of Urban Economics:

Urban economics for the developing World: An introduction

This is an introduction to the special issue of the Journal of Urban Economics on “Urbanization in Developing Countries: Past and Present”. We argue that the rapid urbanization and the rise of cities in the developing wo...Read more...

Journal article

Journal of Urban Economics:

Political favoritism in China's capital markets and its effect on city sizes

This paper examines political favoritism of cites in national capital markets and the effect of that favoritism on city sizes. The paper estimates the city-by-city variation in the prices of capital across cities in Chin...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Economic Effects of Density: A Synthesis

This paper synthesises the state of knowledge on the economic effects of density. We consider 15 outcome categories and 202 estimates of density elasticities from 102 studies. More than 50% of these estimates have not be...Read more...

Journal article

Journal of Urban Economics:

Spatial frictions

The world is replete with spatial frictions. Shipping goods across cities entails trade frictions. Commuting within cities causes urban frictions. How important are these frictions in shaping the spatial economy? We deve...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...

Journal article

Journal of Economic Geography:

Urban renewal after the Berlin wall: A place-based policy evaluation

We use a quasi-experimental research design to study the effects of a spatially targeted renewal policy implemented in Berlin, Germany, in the aftermath of the city's division during the Cold War period. Our results sugg...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Location, Search Costs and Youth Unemployment: Experimental Evidence from Transport Subsidies in Addis Ababa

Do high search costs affect the labour market outcomes of job seekers living far away from jobs? I randomly assign transport subsidies to unemployed youth in urban Ethiopia. Treated respondents increase job search intens...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Building the City: Urban Transition and Institutional Frictions

We model the building of a city, estimate parameters of the model, and calculate welfare losses from institutional frictions encountered in changing land-use. We distinguish formal and slum construction technologies; in ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Subways and Urban Growth: Evidence from Earth

We investigate the relationship between the extent of a city’s subway network, its population and its spatial configuration. To accomplish this investigation, for the 632 largest cities in the world, we construct panel d...Read more...

CentrePiece article

Flooded cities

Economic activity tends to return to flood-prone areas after floods rather than relocating to higher ground. What’s more, cities built in flood-prone areas are locking in exposure to flood risk for the long term. These a...Read more...

Journal article

Ecological Economics:

The greener, the happier? The effect of urban land use on residential well-being

We investigate the effect of urban land use on residential well-being in major German cities, using panel data from the German Socio-Economic Panel and cross-section data from the European Urban Atlas. We reduce concerns...Read more...

CEP discussion paper

Flooded cities

Does economic activity relocate away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which are among the costliest and most common natural disasters. Over the past...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...

CEP election analysis

The Economic Performance of UK Cities: Can Urban and Regional Policy Make a Difference to the North-South Divide

There are large variations in economic performance across UK cities and on some measures, they have widened since the global financial crisis. All main parties promise action to reduce them, but there is little differenc...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Urban Development and Air Pollution: Evidence from a Global Panel of Cities

We exploit a unique panel of 75 metro areas (‘cities’) across the globe and employ a city-fixed effects model to identify the determinants of within-city changes in air pollution concentration between 2005 and 2011. Incr...Read more...

Book

Urban Economics and Urban Policy
Challenging Conventional Policy Wisdom Hardcover

In this bold, exciting and readable volume, Paul Cheshire, Max Nathan and Henry Overman illustrate the insights that recent economic research brings to our understanding of cities, and the lessons for urban policy-making...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Culturally Clustered or in the Cloud? Location of Internet Start-ups in Berlin

Knowledge based firms like IT companies do neither have a capital- nor a land intensive production. They predominantly rely on qualified labour and increasingly depend on the location of its (potential) employees. This i...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

The economic future of British cities

Henry Overman surveys the evidence on potentially effective responses to the recession and longer-term structural change....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...

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...