Florian Oswald
Florian Oswald
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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 …
Nicolas Coeurdacier
,
Marc Teignier
,
Florian Oswald
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Appendix B
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.
Nicolas Coeurdacier
,
Pierre-Philippe Combes
,
Laurent Gobillon
,
Florian Oswald
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