Structural Change, Landuse and Urban Expansion (R&R @ REStud)
How do cities grow in the process of structural transformation? To answer this question, we develop a multi-sector spatial equilibrium …
Fertility, Housing Costs and City Growth
Developed economies moved from a baby boom to a baby bust, with very low fertility in large urban centers. We develop a spatial theory of demographic change and urban growth, whereby the housing market acts as an endogenous automatic stabilizer of fertility: high housing costs deter fertility while lower demographic growth mitigates future housing price increase.