Ecosystems provide many of the material building blocks for human well-being. Although
quantification and appreciation of such contributions have rapidly grown, our dependence …

The growth of urban areas presents a challenge for local governments around the world.
While the challenge is particularly formidable to policy makers and planners, it offers …

This paper studies the impacts of work from home (WFH) in the housing market from both
intercity and intracity perspectives. Our results confirm the theoretical prediction that WFH …

Public Finance is the branch of economics that studies the taxing and spending activities of
government. The term is something of a misnomer, because the fundamental issues are not …

This paper considers the empirical literature on the nature and sources of urban increasing
returns, also known as agglomeration economies. An important aspect of these externalities …

Based on recent theoretical developments the argument is made that the average level of
human capital is a local public good. Cities with higher average levels of human capital …

Abstract From 1940 to 1990, a 10% increase in a metropolitan area's concentration of
college-educated residents was associated with a 0.8% increase in subsequent …

A huge research literature, across the behavioral and social sciences, uses information on
individuals' subjective well-being. These are responses to questions—asked by survey …

Urban decline is not the mirror image of growth, and durable housing is the primary reason
the nature of decline is so different. This paper presents a model of urban decline with …

We document large long-run differences in average house price appreciation across
metropolitan areas over the past 50 years, and show they can be explained by an inelastic …