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Spatial Sorting

Eeckhout, Jan and Pinheiro, Roberto and Schmidheiny, Kurt. (2014) Spatial Sorting. Journal of political economy, 122 (3). pp. 554-620.

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Official URL: http://edoc.unibas.ch/42807/

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Abstract

We investigate the role of skill complementarities in production and mobility across cities. The nature of the complementarities determines the equilibrium skill distribution across cities. With extreme-skill complementarity, the skill distribution has thicker tails in large cities; with top-skill complementarity, there is first-order stochastic dominance. Using wage and housing price data, we find robust evidence of thick tails in large cities: large cities disproportionately attract both high- and low-skilled workers, while average skills are constant across city size. This pattern of spatial sorting is consistent with extreme-skill complementarity, where the productivity of high-skilled workers and of the providers of low-skilled services are mutually enhanced.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Angewandte ├ľkonometrie (Schmidheiny)
UniBasel Contributors:Schmidheiny, Kurt
Item Type:Article, refereed
Article Subtype:Research Article
Publisher:The University of Chicago Press
ISSN:0022-3808
e-ISSN:1537-534X
Note:Publication type according to Uni Basel Research Database: Journal article
Identification Number:
Last Modified:21 Nov 2016 09:29
Deposited On:21 Nov 2016 09:29

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