Download Brookings-Wharton Papers on Urban Affairs 2009 by Gary Burtless, Janet Rothenberg Pack PDF

By Gary Burtless, Janet Rothenberg Pack

Designed to arrive a large viewers of students and policymakers, the Brookings-Wharton Papers on city Affairs is an annual sequence that serves as a discussion board for state-of-the-art, obtainable learn on city coverage. The editors search to combine broader learn into the city coverage dialogue via bringing city reviews students including economists and researchers learning topics with vital city implications.In this factor, papers learn a number matters which are correct to city economics: —the results of activity place in an city region on residential selection styles —the effect of race, ethnicity, and gender on personal loan lending —the results of city features at the improvement of latest patentsThe quantity additionally comprises 3 papers on city improvement outdoors of the U.S.: —urban sprawl in Europe —rural-to-urban migration styles in Brazil —location styles of agglomeration throughout jap towns

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Extra info for Brookings-Wharton Papers on Urban Affairs 2009

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Although the primary purpose of this paper is to advance understanding of a central issue in urban economics, our results are also relevant to urban policy in two ways. First, and perhaps most important, our paper provides a useful rule of thumb as to the quantitative effect on a central city’s population if jobs are added or subtracted from the urban core, perhaps in response to other local policies—for example, because of changes in the level of business taxes (Bollinger and Ihlanfeldt 2003).

36 Brookings-Wharton Papers on Urban Affairs: 2009 A second important finding is that 2/28 mortgages were cheaper in zip codes with a higher percentage of Asian, black, and Hispanic residents, as well as in counties with higher unemployment rates, once we control for the individual risk characteristics of the borrower. Taken in conjunction with the results in Mayer and Pence (2007) that showed that high minority neighborhoods and locations with higher unemployment rates have a higher concentration of subprime loans, this is consistent with a small but positive credit supply shock in these neighborhoods.

College graduates Main effect Interact with college graduate C. 058) Source: 1980 IPUMS 5 percent sample. N = 707,506. IV = instrumental variables; OLS = ordinary least squares. a. Sample restrictions are listed in the notes to table 1. Standard errors are reported in parentheses and are clustered at the metropolitan area level. All regressions include metropolitan area fixed effects and individual-level controls, including a fourth-order polynomial in age and dummies for being female, black, and for each year of completed schooling.

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