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Essays on urban and labor economics.

Saks, Raven Elizabeth.

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Essays on urban and labor economics.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Essays on urban and labor economics./
Author:	Saks, Raven Elizabeth.
Description:	164 p.
Notes:	Adviser: Lawrence Katz.
Contained By:	Dissertation Abstracts International66-05A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3174024
ISBN:	9780542118715

Essays on urban and labor economics.
Saks, Raven Elizabeth.

Essays on urban and labor economics. - 164 p.

Adviser: Lawrence Katz.

Thesis (Ph.D.)--Harvard University, 2005.

The distributions of housing prices and labor income in the United States have widened substantially at the upper end in recent decades. Chapter one explores the impact of housing supply restrictions on the distribution of housing prices across metropolitan areas. Using evidence on local government regulations, I characterize the elasticity of housing supply in 83 metropolitan areas. In places where the housing supply is inelastic, an increase in housing demand leads to larger housing price increases and less residential construction than in less regulated environments. Furthermore, because housing prices influence migration, constraints in the housing market also lead to less employment growth and higher wages for a given increase in labor demand.

ISBN: 9780542118715Subjects--Topical Terms:

1017424
Economics, General.

Essays on urban and labor economics.
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008 110928s2005 eng d
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100 1 $a Saks, Raven Elizabeth. $3 1296824
245 1 0 $a Essays on urban and labor economics.
300 $a 164 p.
500 $a Adviser: Lawrence Katz.
500 $a Source: Dissertation Abstracts International, Volume: 66-05, Section: A, page: 1897.
502 $a Thesis (Ph.D.)--Harvard University, 2005.
520 $a The distributions of housing prices and labor income in the United States have widened substantially at the upper end in recent decades. Chapter one explores the impact of housing supply restrictions on the distribution of housing prices across metropolitan areas. Using evidence on local government regulations, I characterize the elasticity of housing supply in 83 metropolitan areas. In places where the housing supply is inelastic, an increase in housing demand leads to larger housing price increases and less residential construction than in less regulated environments. Furthermore, because housing prices influence migration, constraints in the housing market also lead to less employment growth and higher wages for a given increase in labor demand.
520 $a The second chapter uses an alternative approach to measure restrictions on the housing supply. Specifically, the difference between the sales price of a house and the marginal cost of construction reflects the extent of limits on the housing supply. In most locations, calculating this differential requires information on the marginal cost of land, which is difficult to assess. However, in a market dominated by high-rise buildings, the marginal cost of supplying more housing is the cost of building a taller structure. Thus, this chapter focuses on documenting the effect of housing supply regulations in Manhattan. Prices in Manhattan are more than twice their supply costs, which strongly suggests that land use restrictions have been a significant factor in explaining rising house prices in New York City in recent years.
520 $a The third chapter addresses rising income inequality by analyzing the long-run trends in executive compensation. In contrast to the large increases in CEO pay that characterize recent decades, the average real value of top officer remuneration was remarkably stable from the 1940s to the 1970s. The structure of pay has changed over time, as the fraction of compensation related to stock options and incentive pay has grown steadily since 1950. Highly progressive tax rates in earlier decades help explain changes in both the level and structure of executive compensation over time.
590 $a School code: 0084.
650 4 $a Economics, General. $3 1017424
650 4 $a Economics, History. $3 1017418
650 4 $a Economics, Labor. $3 1019135
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710 2 0 $a Harvard University. $3 528741
773 0 $t Dissertation Abstracts International $g 66-05A.
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790 1 0 $a Katz, Lawrence, $e advisor
791 $a Ph.D.
792 $a 2005
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3174024