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Housing Constraints and Spatial Misallocation

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NBER2015-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21154
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We quantify the amount of spatial misallocation of labor across US cities and its aggregate costs. Misallocation arises because high productivity cities like New York and the San Francisco Bay Area have adopted stringent restrictions to new housing supply, effectively limiting the number of workers
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2015-05-01
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