Tag Archives: cities

Macroeconomic Implications of Agglomeration

From Morris Davis, Jonas Fisher, and Toni Whited: Cities exist because of the productivity gains that arise from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general … Continue reading

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Is New York as Expensive as You Think?

Catherine Rampell has an interesting piece on this issue that is worth reading. It  highlights research from Jessie Handbury, who makes three points in a recent paper: First, I find that there are large differences in how high- and low-income households … Continue reading

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Washington’s Definition of Middle Class

I saw this proposal in Lori Montgomery’s article on fiscal cliff talks yesterday: Fresh tax revenue, generated in part by raising rates on the wealthy, as Obama wants, and in part by limiting their deductions, as Republicans prefer. The top … Continue reading

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Interesting Paragraph from Ed Glaeser

Economist Matthew Kahn of UCLA has studied the death tolls from natural disasters. He found that where governments are more capable, fewer people die. This makes me worry about the fate of cities in the developing world that are just as subject to natural … Continue reading

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