Urban-Biased Growth: A Macroeconomic Analysis

Since 1980, US wage growth has been concentrated in high-density locations, nearly doubling the wage-density elasticity across cities. We show that this urban-biased growth originates entirely at large, IT-intensive firms in the Business Services sector. We propose a simple explanation centered on

自1980年以来，美国的工资增长始终集中于高密度区域，城市间的工资-密度弹性（wage-density elasticity）几乎翻倍。我们的研究表明，这种城市偏向型增长完全源自商业服务业（Business Services）中的大型信息技术密集型企业。我们提出了一个以……为核心的简洁解释。