Pub Date : 2024-11-01DOI: 10.1016/j.jue.2024.103711
J. Vernon Henderson , Jacques-François Thisse
{"title":"Urban and spatial economics after 50 years","authors":"J. Vernon Henderson , Jacques-François Thisse","doi":"10.1016/j.jue.2024.103711","DOIUrl":"10.1016/j.jue.2024.103711","url":null,"abstract":"","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103711"},"PeriodicalIF":5.7,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142587211","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-11-01DOI: 10.1016/j.jue.2024.103714
Ian Herzog
This paper studies effects of London’s Congestion Charge on regional traffic, commuting, and economic activity’s spatial distribution. London began tolling drivers into its central business district in 2003 and I find that the policy reduced traffic on untolled roads leading downtown. I build this effect into a quantitative model with heterogeneous skills, endogenous mode choice, and traffic externalities to examine effects on commuters. Simulations suggest that London’s Congestion Charge incentivizes driving to untolled workplaces and gives the region’s commuters positive net benefits. I also find that benefits are progressive because the policy reduces traffic where low-skill commuters live and work.
{"title":"The city-wide effects of tolling downtown drivers: Evidence from London’s congestion charge","authors":"Ian Herzog","doi":"10.1016/j.jue.2024.103714","DOIUrl":"10.1016/j.jue.2024.103714","url":null,"abstract":"<div><div>This paper studies effects of London’s Congestion Charge on regional traffic, commuting, and economic activity’s spatial distribution. London began tolling drivers into its central business district in 2003 and I find that the policy reduced traffic on untolled roads leading downtown. I build this effect into a quantitative model with heterogeneous skills, endogenous mode choice, and traffic externalities to examine effects on commuters. Simulations suggest that London’s Congestion Charge incentivizes driving to untolled workplaces and gives the region’s commuters positive net benefits. I also find that benefits are progressive because the policy reduces traffic where low-skill commuters live and work.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103714"},"PeriodicalIF":5.7,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142572072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-26DOI: 10.1016/j.jue.2024.103712
Jan K. Brueckner
{"title":"Journal of Urban Economics, 1991–2007","authors":"Jan K. Brueckner","doi":"10.1016/j.jue.2024.103712","DOIUrl":"10.1016/j.jue.2024.103712","url":null,"abstract":"","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103712"},"PeriodicalIF":5.7,"publicationDate":"2024-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-23DOI: 10.1016/j.jue.2024.103710
Nathaniel Baum-Snow , Kristian Behrens
{"title":"Forward to the Special Issue “Celebrating the 50th Anniversary of the Journal of Urban Economics”","authors":"Nathaniel Baum-Snow , Kristian Behrens","doi":"10.1016/j.jue.2024.103710","DOIUrl":"10.1016/j.jue.2024.103710","url":null,"abstract":"","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103710"},"PeriodicalIF":5.7,"publicationDate":"2024-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-10DOI: 10.1016/j.jue.2024.103708
Melanie Krause , André Seidel
Studying the components of neighborhood population density reveals a complex picture that little is known about. Hidden under the same level of population density, neighborhoods can vastly differ in crowding, if residential coverage or building heights are moving in opposite directions. We study this heterogeneity in density components and how it is linked to the variation in neighborhood socio-economic characteristics that define modern cities. To do so, we use novel high-resolution (10 m 10 m) geo-spatial data on building height and footprints in combination with Norwegian register data. This data allows us to decompose the variation of density into its components, as well as along various margins. We identify urban spatial structures with a latent profile analysis. These data-driven density profiles turn out to be strongly associated with the sorting of people by socio-economic characteristics, such as income and demographic variables. Our results show that below the surface of density, there is the so-far unknown potential to learn about the prevalence and geography of socio-economic groups in the absence of micro-level data.
{"title":"Unlocking neighborhood density","authors":"Melanie Krause , André Seidel","doi":"10.1016/j.jue.2024.103708","DOIUrl":"10.1016/j.jue.2024.103708","url":null,"abstract":"<div><div>Studying the components of neighborhood population density reveals a complex picture that little is known about. Hidden under the same level of population density, neighborhoods can vastly differ in crowding, if residential coverage or building heights are moving in opposite directions. We study this heterogeneity in density components and how it is linked to the variation in neighborhood socio-economic characteristics that define modern cities. To do so, we use novel high-resolution (10 m <span><math><mo>×</mo></math></span> 10 m) geo-spatial data on building height and footprints in combination with Norwegian register data. This data allows us to decompose the variation of density into its components, as well as along various margins. We identify urban spatial structures with a latent profile analysis. These data-driven density profiles turn out to be strongly associated with the sorting of people by socio-economic characteristics, such as income and demographic variables. Our results show that below the surface of density, there is the so-far unknown potential to learn about the prevalence and geography of socio-economic groups in the absence of micro-level data.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103708"},"PeriodicalIF":5.7,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142423772","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-05DOI: 10.1016/j.jue.2024.103707
Oscar Erixson , Jakob Granath , Xiao Hu , Mattias Öhman
We combine administrative data on socioeconomic status (SES) with high-resolution data on residential locations, local pollution levels, industrial facilities, as well as land cover information to investigate whether exposure to airborne toxic metals (arsenic, lead, and mercury) is unequally distributed within the population of newborn children in Sweden. We find that the spatial distribution of SES among newborns weakly correlates with the distribution of toxic metals at the national level and in the largest cities, indicating negligible sorting in this dimension. If anything, high SES children are disproportionately more exposed, residing in urban areas with higher levels of traffic and industrial activities. This leads us to conclude that environmental injustice regarding airborne arsenic, lead, and mercury exposure is not a major concern in Sweden.
{"title":"Toxic Metal Injustice? Socioeconomic status at birth and exposure to airborne pollution","authors":"Oscar Erixson , Jakob Granath , Xiao Hu , Mattias Öhman","doi":"10.1016/j.jue.2024.103707","DOIUrl":"10.1016/j.jue.2024.103707","url":null,"abstract":"<div><div>We combine administrative data on socioeconomic status (SES) with high-resolution data on residential locations, local pollution levels, industrial facilities, as well as land cover information to investigate whether exposure to airborne toxic metals (arsenic, lead, and mercury) is unequally distributed within the population of newborn children in Sweden. We find that the spatial distribution of SES among newborns weakly correlates with the distribution of toxic metals at the national level and in the largest cities, indicating negligible sorting in this dimension. If anything, high SES children are disproportionately more exposed, residing in urban areas with higher levels of traffic and industrial activities. This leads us to conclude that environmental injustice regarding airborne arsenic, lead, and mercury exposure is not a major concern in Sweden.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103707"},"PeriodicalIF":5.7,"publicationDate":"2024-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142423773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-26DOI: 10.1016/j.jue.2024.103690
Robert Calvert Jump , Adam Scavette
Neighbourhood renewal programs are a type of place-based policy that aim to revive underperforming localities. The literature on place-based policies has found mixed results regarding their effects on local labor market outcomes, but there are relatively few studies of policies that aim to improve local labor supply. In this paper we examine the labor market effects of the Neighbourhood Renewal Fund, which targeted 88 of the most deprived areas in England during the early 2000s as part of the Labour government’s National Strategy for Neighbourhood Renewal. The fund disbursed almost £3 billion for spending on community safety, education, healthcare and worklessness, with supply-side interventions making up the bulk of the program’s spending on worklessness. Using a difference-in-differences approach, we find statistically significant impacts on local employment. Our results suggest that policy interventions to improve local labor supply can be a successful strategy for neighborhood renewal.
{"title":"JUE Insight: The labor market effects of place-based policies: Evidence from England’s Neighbourhood Renewal Fund","authors":"Robert Calvert Jump , Adam Scavette","doi":"10.1016/j.jue.2024.103690","DOIUrl":"10.1016/j.jue.2024.103690","url":null,"abstract":"<div><div>Neighbourhood renewal programs are a type of place-based policy that aim to revive underperforming localities. The literature on place-based policies has found mixed results regarding their effects on local labor market outcomes, but there are relatively few studies of policies that aim to improve local labor supply. In this paper we examine the labor market effects of the Neighbourhood Renewal Fund, which targeted 88 of the most deprived areas in England during the early 2000s as part of the Labour government’s National Strategy for Neighbourhood Renewal. The fund disbursed almost £3 billion for spending on community safety, education, healthcare and worklessness, with supply-side interventions making up the bulk of the program’s spending on worklessness. Using a difference-in-differences approach, we find statistically significant impacts on local employment. Our results suggest that policy interventions to improve local labor supply can be a successful strategy for neighborhood renewal.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103690"},"PeriodicalIF":5.7,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142324027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-20DOI: 10.1016/j.jue.2024.103695
Harald Hau , Difei Ouyang
In geographically segmented credit markets, local real estate booms can deteriorate the funding conditions for small manufacturing firms and undermine their growth and competitiveness. Based on exogenous variations in the administrative land supply for residential housing across Chinese cities, we show that real estate price hikes caused by a restrictive land supply reduce bank credit to manufacturing firms, raise their borrowing costs, diminish their investment rate, compromise their output and productivity growth, and increase their exit rates. Such harmful effects are more pronounced among small firms and those located in more bank-dependent regions.
{"title":"Can real estate booms hurt firms? Evidence on investment substitution","authors":"Harald Hau , Difei Ouyang","doi":"10.1016/j.jue.2024.103695","DOIUrl":"10.1016/j.jue.2024.103695","url":null,"abstract":"<div><div>In geographically segmented credit markets, local real estate booms can deteriorate the funding conditions for small manufacturing firms and undermine their growth and competitiveness. Based on exogenous variations in the administrative land supply for residential housing across Chinese cities, we show that real estate price hikes caused by a restrictive land supply reduce bank credit to manufacturing firms, raise their borrowing costs, diminish their investment rate, compromise their output and productivity growth, and increase their exit rates. Such harmful effects are more pronounced among small firms and those located in more bank-dependent regions.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103695"},"PeriodicalIF":5.7,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142312285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-16DOI: 10.1016/j.jue.2024.103706
Benoît Schmutz-Bloch , Modibo Sidibé
We propose a search and matching model of the urban network. When geography is fixed and the job finding rate decreases with distance, the interplay between firm entry and worker migration generates an equilibrium allocation in which productive agents cluster in a few large central cities where matching is more assorted and profitable, while many small peripheral cities retain low-skilled workers. Counterfactual experiments suggest that (i) small transfers to the periphery hurt everyone, while large transfers can achieve a more efficient, decentralized organization; (ii) lower frictions deconcentrate the network and benefit everyone.
{"title":"Matching, centrality and the urban network","authors":"Benoît Schmutz-Bloch , Modibo Sidibé","doi":"10.1016/j.jue.2024.103706","DOIUrl":"10.1016/j.jue.2024.103706","url":null,"abstract":"<div><p>We propose a search and matching model of the urban network. When geography is fixed and the job finding rate decreases with distance, the interplay between firm entry and worker migration generates an equilibrium allocation in which productive agents cluster in a few large central cities where matching is more assorted and profitable, while many small peripheral cities retain low-skilled workers. Counterfactual experiments suggest that (i) small transfers to the periphery hurt everyone, while large transfers can achieve a more efficient, decentralized organization; (ii) lower frictions deconcentrate the network and benefit everyone.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103706"},"PeriodicalIF":5.7,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-14DOI: 10.1016/j.jue.2024.103693
Zhi-Chun Li , De-Ping Yu , André de Palma
We propose an analytical solvable model for household residential location choice in a linear monocentric city corridor with bottleneck congestion. Households are heterogeneous in terms of their income. The bottleneck is located between central downtown and adjacent suburb. The urban equilibrium is formulated as the solution of differential equations. We analytically explore the distributional effects of bottleneck capacity expansion on households and the bottleneck capacity investment issues under no toll and first-best and second-best tolls. The results show that the benefits of different-income households from bottleneck capacity expansion change with toll schemes. Specifically, under the no toll and first-best toll, those who gain most are the mid-income households residing at the bottleneck and in a suburban location (close to the bottleneck) respectively, whereas those who gain least are the poorest or richest households. Under the second-best toll, there are two possible cases: the poorest households gain most while the richest households gain least, or the mid-income households residing at the bottleneck gain most while the richest or poorest households gain least. With constant return to scale for capacity investment, self-financing principle still holds for the first-best and second-best tolling in the urban spatial context. Ignoring the changes in urban spatial structure due to household relocation may cause overinvestment or underinvestment in optimal bottleneck capacity under the no toll, but definitely underinvestment under the first-best and second-best tolls.
{"title":"Bottleneck congestion and urban spatial structure with heterogeneous households: Equilibrium, capacity expansion and congestion tolling","authors":"Zhi-Chun Li , De-Ping Yu , André de Palma","doi":"10.1016/j.jue.2024.103693","DOIUrl":"10.1016/j.jue.2024.103693","url":null,"abstract":"<div><p>We propose an analytical solvable model for household residential location choice in a linear monocentric city corridor with bottleneck congestion. Households are heterogeneous in terms of their income. The bottleneck is located between central downtown and adjacent suburb. The urban equilibrium is formulated as the solution of differential equations. We analytically explore the distributional effects of bottleneck capacity expansion on households and the bottleneck capacity investment issues under no toll and first-best and second-best tolls. The results show that the benefits of different-income households from bottleneck capacity expansion change with toll schemes. Specifically, under the no toll and first-best toll, those who gain most are the mid-income households residing at the bottleneck and in a suburban location (close to the bottleneck) respectively, whereas those who gain least are the poorest or richest households. Under the second-best toll, there are two possible cases: the poorest households gain most while the richest households gain least, or the mid-income households residing at the bottleneck gain most while the richest or poorest households gain least. With constant return to scale for capacity investment, self-financing principle still holds for the first-best and second-best tolling in the urban spatial context. Ignoring the changes in urban spatial structure due to household relocation may cause overinvestment or underinvestment in optimal bottleneck capacity under the no toll, but definitely underinvestment under the first-best and second-best tolls.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"144 ","pages":"Article 103693"},"PeriodicalIF":5.7,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142232672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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