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Papers Containing Keywords(s): 'resident'

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Viewing papers 61 through 70 of 86


  • Working Paper

    DO LOCAL MANAGERS GIVE LABOR AN EDGE?

    April 2013

    Authors: Scott E. Yonker

    Working Paper Number:

    CES-13-16

    Based on the psychological theory of place attachments, native local managers should be more rooted in their communities than non-locals and should act accordingly. Consistent with this, local managers are 33% less likely to lay of employees than their non-local industry peers following industry distress. Additionally, when managers are forced to lay off employees, establishments near managers' homes are less likely to experience layoffs than those located elsewhere. Locals pay for these higher employment levels by spending cash, cutting investment, and selling assets. While there is no direct evidence that labor-friendly policies of locals have a differential impact on firm performance or value, only locals with weaker incentives implement these policies, suggesting that favoritism by locals may be suboptimal. Taken together these results suggest that managerial preferences impact corporate employment decisions.
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  • Working Paper

    DO HOUSING PRICES REFLECT ENVIRONMENTAL HEALTH RISKS? EVIDENCE FROM MORE THAN 1600 TOXIC PLANT OPENINGS AND CLOSINGS

    April 2013

    Working Paper Number:

    CES-13-14

    A ubiquitous and largely unquestioned assumption in studies of housing markets is that there is perfect information about local amenities. This paper measures the housing market and health impacts of 1,600 openings and closings of industrial plants that emit toxic pollutants. We find that housing values within one mile decrease by 1.5 percent when plants open, and increase by 1.5 percent when plants close. This implies an aggregate loss in housing values per plant of about $1.5 million. While the housing value impacts are concentrated within ' mile, we find statistically significant infant health impacts up to one mile away.
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  • Working Paper

    Small Homes, Public Schools, and Property Tax Capitalization

    March 2013

    Working Paper Number:

    CES-13-04

    Efforts to estimate the degree to which local property taxes are capitalized into house values are complicated by any spurious correlation between property taxes and unobserved public services. One public service of particular interest is the provision of local public schools. Not only do public schools bulk large in the local property tax bill, but the inherent difficulty in measuring school quality has potentially undermined earlier attempts at achieving unbiased estimates of property tax capitalization. This particular problem has been of special concern since Oates' (1969) seminal paper. We sidestep the problem of omitted or misspecified measures of school quality by focusing on a segment of the housing market that likely places little-to-no value on school quality: small homes. Because few households residing in small homes have public school children, we anticipate that variations in their value does not account for differentials in public school quality. Using restricted-access microdata provided by the U.S. Census, and a quasi- experimental identification strategy, we estimate that local property taxes are nearly fully capitalized into the prices of small homes.
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  • Working Paper

    Do Labor Market Networks Have An Important Spatial Dimension?

    September 2012

    Working Paper Number:

    CES-12-30

    We test for evidence of spatial, residence-based labor market networks. Turnover is lower for workers more connected to their neighbors generally and more connected to neighbors of the same race or ethnic group. Both results are consistent with networks producing better job matches, while the latter could also reflect preferences for working with neighbors of the same race or ethnicity. For earnings, we find a robust positive effect of the overall residence-based network measure, whereas we usually find a negative effect of the same-group measure, suggesting that the overall network measure reflects productivity enhancing positive network effects, while the same-group measure captures a non-wage amenity.
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  • Working Paper

    The Location of Displaced New Orleans Residents in the Year After Hurricane Katrina

    September 2012

    Working Paper Number:

    CES-12-19

    Using individual data from the restricted version of the American Community Survey, we examined the displacement locations of pre-Katrina adult residents of New Orleans in the year after the hurricane. Over half (53%) of adults had returned to'or remained in'the New Orleans metropolitan area, with just under one-third of the total returning to the dwelling in which they resided prior to Katrina. Among the remainder, Texas was the leading location with almost 40% of those living away from the metropolitan area (18% of the total), followed by other locations in Louisiana (12%), the South region of the US other than Louisiana and Texas (12%), and elsewhere in the U.S. (5%). Black adults were considerably more likely than nonblack adults to be living elsewhere in Louisiana, in Texas, and elsewhere in the South. The observed race disparity was not accounted for by any of the demographic or socioeconomic covariates in the multinomial logistic regression models. Consistent with hypothesized effects, we found that young adults (25'39 years of age) were more likely to move further away from New Orleans and that adults born outside Louisiana were substantially more likely to have relocated away from the state.
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  • Working Paper

    LEHD Data Documentation LEHD-OVERVIEW-S2008-rev1

    December 2011

    Working Paper Number:

    CES-11-43

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  • Working Paper

    Assessing the Incidence and Efficiency of a Prominent Place Based Policy

    February 2011

    Working Paper Number:

    CES-11-07

    This paper empirically assesses the incidence and efficiency of Round I of the federal urban Empowerment Zone (EZ) program using confidential microdata from the Decennial Census and the Longitudinal Business Database. Using rejected and future applicants to the EZ program as controls, we find that EZ designation substantially increased employment in zone neighborhoods and generated wage increases for local workers without corresponding increases in population or the local cost of living. The results suggest the efficiency costs of first Round EZs were relatively small.
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  • Working Paper

    Local Manufacturing Establishments and the Earnings of Manufacturing Workers: Insights from Matched Employer-Employee Data

    January 2011

    Working Paper Number:

    CES-11-01

    We analyze the earnings determination process of more than 400,000 rural manufacturing workers in 12 selected U.S. states. Our theoretical motivation stems from an ongoing interest in the benefits of locally oriented business establishments. In this case, we distinguish manufacturing concerns that are single establishments in one rural place from branch plants that are part of larger multi-establishment enterprises. Our data permit us to introduce attributes of both workers and their employing firms into earnings determination models. For manufacturing workers in 'micropolitan' rural counties, we find that working for a local (single) establishment has a positive impact on annual earnings. However, tenure with a firm returns more earnings for workers in non-local manufacturing facilities. Conversely, for manufacturing workers in 'noncore' or rural areas without urban cores, we find that working for a local establishment has a negative effect on earnings. But, job tenure pays off more when working for a local establishment.
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  • Working Paper

    Migration Decisions in Arctic Alaska: Empirical Evidence of the Stepping Stones Hypothesis

    December 2010

    Working Paper Number:

    CES-10-41

    This paper explores hypotheses of hierarchical migration using data from the Alaskan Arctic. We focus on migration of I'upiat people, who are indigenous to the region, and explore the role of income, harvests of subsistence resources, and other place characteristics in migration decisions. To test related hypotheses we use confidential micro-data from the US Census Bureau's 2000 Decennial Census of Population and Income. Using predicted earnings and subsistence along with place invariant characteristics we generate migration probabilities using a mixed multinomial and conditional logit model. Our results support stepwise migration patterns, both up and down an urban and rural hierarchy. At the same time, we also identify differences between men and women, and we find mixed effects of place amenities and predicted earnings.
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  • Working Paper

    How Low Income Neighborhoods Change: Entry, Exit and Enhancement

    September 2010

    Working Paper Number:

    CES-10-19

    This paper examines whether the economic gains experienced by low-income neighborhoods in the 1990s followed patterns of classic gentrification (as frequently assumed) ' that is, through the in migration of higher income white, households, and out migration (or displacement) of the original lower income, usually minority residents, spurring racial transition in the process. Using the internal Census version of the American Housing Survey, we find no evidence of heightened displacement, even among the most vulnerable, original residents. While the entrance of higher income households was an important source of income gains, original residents also experienced differential gains in income, and reported greater increases in their satisfaction with their neighborhood than found in other low-income neighborhoods. Finally, gaining neighborhoods were able to avoid the losses of white households that non-gaining low income tracts experienced, and were thereby more racially stable rather than less.
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