Identifying Amenity and Productivity Cities Using Wage and Rent Differentials
نویسندگان
چکیده
by Patricia E. Beeson and Randall W. Eberts Patr~c~a E Beeson IS an asslstant professor of economics at the Un~ver sity of P~ttsburgh and a v ~ s ~ t ~ n g scholar at the Federal Reserve Bank of Cleveland Randall W Eberts IS an asslstant vlce president and economist at the Federal Reserve Bank of Cleveland Comments and suggestions by Tim Gronberg Ron Krumm, and Joe Stone and computer assistance by Ralph Day are gratefully acknowledged
منابع مشابه
The Determinants and Welfare Implications of US Workers’ Diverging Location Choices by Skill: 1980-2000 JOB MARKET PAPER
From 1980 to 2000, the substantial rise in the U.S. college-high school graduate wage gap coincided with an increase in geographic sorting as college graduates increasingly concentrated in high wage, high rent metropolitan areas, relative to lower skill workers. The increase in wage inequality may not reflect a similar increase in well-being inequality because high and low skill workers increas...
متن کاملA multi-disciplinary interpretation of migration: amenity capitalization in both land and labor markets.
"Various disciplines have produced models to explain and predict human migration. A model is presented providing a taxonomy through which interdisciplinary insights can be synthesized. The imperfect information view emphasizes the role of wage differentials as representing arbitragible real utility differentials. The perfect information approach holds that wage and rent differentials are com...
متن کاملReal Wages and the Demand for Labour in Ghana's Manufacturing Sector
Real wages in Ghana have fallen substantially over the last twenty years. The question posed by this paper is whether this evidence for wage flexibility implies a competitive market clearing labour market. It is argued that it does not. There is sufficient flexibility in the production structure to ensure that a rapid growth of labour demand can be absorbed at declining average real wages while...
متن کاملBeaches , Sunshine , and Public Sector Pay : Theory and Evidence on Amenities and Rent Extraction by Government Workers † By Jan
Rent extraction by public sector workers may be limited by the ability of taxpayers to vote with their feet. But rent extraction may be higher in regions where high amenities mute the migration response. This paper develops a theoretical model that predicts such a link between public sector wage differentials and local amenities, and the predictions are tested by analyzing variation in these di...
متن کاملCEP Discussion Paper No 1134 March 2012 Why Are Migrants Paid More ?
In efficient global labour markets for very high wage workers one might expect wage differentials between migrant and domestic workers to reflect differences in labour productivity. However, using panel data on worker-firm matches in a single industry over a seven year period we find a substantial wage penalty for domestic workers which persists within firms and is only partially accounted for ...
متن کامل