Ezra Klein on limited housing supply in progressive cities. The intended and unintended consequences of "man made" limits to growth.
podcasts.google.com/feed/aHR0cHM6L…
podcasts.google.com/feed/aHR0cHM6L…
The most beautiful places in the United States tend to be highly progressive. Is this a selection effect or a treatment effect? Demand is high to live in areas such as Boston and supply is constrained ==> high home prices. A short thread.
Progressive places in the USA feature few manufacturing jobs and the state's electricity is clean. The two are related due to regulation as high electricity prices emerge and few local emissions are produced.
ideas.repec.org/a/eee/pubeco/v…
ideas.repec.org/a/eee/pubeco/v…
Beautiful places have an incentive to introduce land use policies that minimize congestion effects. Bill Fischel's work is especially relevant in these places.
scholar.google.com/scholar?hl=en&…
scholar.google.com/scholar?hl=en&…
Footloose college educated "knowledge workers" value beauty and green cities and move to such places. Power couples form and have greater household purchasing power. Great restaurants open in such places and the consumer green city takes root!
ideas.repec.org/a/oup/qjecon/v…
ideas.repec.org/a/oup/qjecon/v…
Here are some of my papers tracing out the implications of urban quality of life dynamics.
ideas.repec.org/p/nbr/nberwo/2…
ideas.repec.org/a/eee/juecon/v…
ideas.repec.org/p/nbr/nberwo/2…
ideas.repec.org/p/nbr/nberwo/2…
ideas.repec.org/p/nbr/nberwo/2…
ideas.repec.org/a/eee/juecon/v…
ideas.repec.org/p/nbr/nberwo/2…
ideas.repec.org/p/nbr/nberwo/2…
To summarize, in progressive cities --- little new housing is built, there are few manufacturing jobs, the local power isn't coal. Such cities attract power couples who bid up local housing prices. Such residents live a green lifestyle and vote for green local policies.
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