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Registros recuperados: 9
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Estimating Equilibrium Models of Sorting Across Locations AgEcon
Bayer, Patrick; Timmins, Christopher.
With the growing recognition of the role played by geography in all sorts of economic problems, there is strong interest in measuring the size and scope of local spillovers (i.e., simple anonymous agglomeration or congestion effects, or more complicated interactions between individuals or firms of specific types). It is well-understood, however, that such spillovers cannot be distinguished from unobservable local attributes using just the observed location decisions of individuals or firms. We propose an empirical strategy for recovering estimates of spillovers in the presence of unobserved local attributes for a broadly applicable class of equilibrium sorting models. This approach relies on an instrumental variables strategy derived from the internal...
Tipo: Working or Discussion Paper Palavras-chave: Local spillovers; Location choice; Economic geography; Natural advantage; Social interactions; Network effects; Endogenous sorting; Discrete choice models; Agglomeration; Congestion; Institutional and Behavioral Economics; H7; R0; R2; R3.
Ano: 2003 URL: http://purl.umn.edu/28448
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Building Criminal Capital Behind Bars: Social Learning in Juvenile Corrections AgEcon
Bayer, Patrick; Pintoff, Randi; Pozen, David E..
This paper analyzes the influence that juvenile offenders serving time in the same correctional facility have on each other’s subsequent criminal behavior. The analysis is based on data on over 8,000 individuals serving time in 169 juvenile correctional facilities during a two-year period in Florida. These data provide a complete record of past crimes, facility assignments, and arrests and adjudications in the year following release for each individual. To control for the non-random assignment of juveniles to facilities, we include facility fixed effects in the analysis. This ensures that the impact of peers on recidivism is identified using only the variation in the length of time that any two individuals serving a sentence in the same facility happen to...
Tipo: Working or Discussion Paper Palavras-chave: Social learning; Peer effects; Social interactions; Recidivism; Juvenile crime; Human capital accumulation; Labor and Human Capital; H0; J0; J2; K1.
Ano: 2003 URL: http://purl.umn.edu/28511
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Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes AgEcon
Bayer, Patrick; Ross, Stephen L.; Topa, Giorgio.
We use a novel dataset and research design to empirically detect the effect of social interactions among neighbors on labor market outcomes. Specifically, using Census data that characterize residential and employment locations down to the city block, we examine whether individuals residing in the same block are more likely to work together than those in nearby blocks. We find evidence of significant social interactions operating at the block level: residing on the same versus nearby blocks increases the probability of working together by over 33 percent. The results also indicate that this referral effect is stronger when individuals are similar in sociodemographic characteristics (e.g., both have children of similar ages) and when at least one individual...
Tipo: Working or Discussion Paper Palavras-chave: Neighborhood effects; Job referrals; Social interactions; Social networks; Labor supply; Labor and Human Capital; J0; J2; J3; J6; R0.
Ano: 2005 URL: http://purl.umn.edu/28433
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A Unified Framework for Measuring Preferences for Schools and Neighborhoods AgEcon
Bayer, Patrick; Ferreira, Fernando; McMillan, Robert.
This paper sets out a framework for estimating household preferences over a broad range of housing and neighborhood characteristics, some of which are determined by the way that households sort in the housing market. This framework brings together the treatment of heterogeneity and selection that has been the focus of the traditional discrete choice literature with a clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood sociodemographics. We estimate the model using rich data on a large metropolitan area, drawn from a restricted version of the Census. The estimates indicate that, on average, households are willing to pay an additional one percent in house prices - substantially lower...
Tipo: Working or Discussion Paper Palavras-chave: Capitalization; Local public goods; School quality; Discrete choice models; Hedonic price regression; Education demand; Labor and Human Capital; D58; H0; H4; H7; I2; R21; R31.
Ano: 2003 URL: http://purl.umn.edu/28513
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The Effectiveness of Juvenile Correctional Facilities: Public Versus Private Management AgEcon
Bayer, Patrick; Pozen, David E..
This paper uses data on juvenile offenders released from correctional facilities in Florida to explore the effects of facility management type (private for-profit, private nonprofit, public state-operated, and public county-operated) on recidivism outcomes and costs. The data provide detailed information on individual characteristics, criminal and correctional histories, judge-assigned restrictiveness levels, and home zipcodes allowing us to control for the non-random assignment of individuals to facilities far better than any previous study. Relative to all other management types, for-profit management leads to a statistically significant increase in recidivism, but, relative to nonprofit and state-operated facilities, for-profit facilities operate at a...
Tipo: Working or Discussion Paper Palavras-chave: Juvenile Crime; Juvenile correctional facilities; Recidivism; Prison privatization; Provision of public goods; Nonprofit; For-profit; Public; Labor and Human Capital; H0; H1; H4; K0; K4.
Ano: 2003 URL: http://purl.umn.edu/28484
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An Equilibrium Model of Sorting in an Urban Housing Market: The Causes and Consequences of Residential Segregation AgEcon
Bayer, Patrick; McMillan, Robert; Rueben, Kim.
This paper presents a new equilibrium framework for analyzing economic and policy questions related to the sorting of households within a large metropolitan area. We estimate the model using restricted-access Census data that precisely characterize residential and employment locations for households the San Francisco Bay Area, yielding accurate measures of preferences for a wide variety of housing and neighborhood attributes across different types of household. We use these estimates to explore the causes and consequences of racial segregation in general equilibrium. Our results indicate that, given the preference structure of households in the Bay Area, the elimination of racial differences in income and wealth would significantly increase the residential...
Tipo: Working or Discussion Paper Palavras-chave: Segregation; Sorting; Housing markets; Locational equilibrium; Residential choice; Discrete choice; Labor and Human Capital; Public Economics; H0; J7; R0; R2.
Ano: 2003 URL: http://purl.umn.edu/28503
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What Drives Racial Segregation? New Evidence Using Census Microdata AgEcon
Bayer, Patrick; McMillan, Robert; Rueben, Kim.
This paper sheds new light on the forces that drive residential segregation on the basis of race, assessing the extent to which across-race differences in other household characteristics can explain a significant portion of observed racial segregation. The central contribution of the analysis is to provide a transparent new measurement framework for understanding segregation patterns. This framework allows researchers to characterize patterns of segregation, to decompose them in meaningful ways, and to carry out partial equilibrium counterfactuals that illuminate the contributions of a variety of non-race characteristics in driving segregation. We illustrate our approach using restricted micro-Census data from the San Francisco Bay Area that provide a rich...
Tipo: Working or Discussion Paper Palavras-chave: Residential segregation; Racial segregation; Sorting; Housing markets; Labor and Human Capital; H0; J7; R0; R2.
Ano: 2003 URL: http://purl.umn.edu/28435
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A Note on the Equilibrium Properties of Locational Sorting Models AgEcon
Bayer, Patrick; Timmins, Christopher.
A central feature of many models of location choice – whether of firms or households, within or across cities – is the role of local interactions or spillovers, whereby the payoffs from choosing a location depend in part on the number or attributes of other individuals or firms that choose the same or nearby locations in equilibrium. The main goal of this paper is to develop the equilibrium properties of a broadly applicable and readily estimable class of sorting models that allow the location decision to depend on both fixed local attributes (including unobserved attributes) and such local interactions. In particular, we prove uniqueness in the case of congestion effects and use a series of simulations to demonstrate that a unique equilibrium is more...
Tipo: Working or Discussion Paper Palavras-chave: Local spillovers; Social interactions; Economic geography; Natural advantage; Endogenous sorting; Discrete choice models; Agglomeration; Congestion; Random utility; Industrial Organization; H0; R0; R2; R3.
Ano: 2003 URL: http://purl.umn.edu/28378
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Residential Segregation in General Equilibrium AgEcon
Bayer, Patrick; McMillan, Robert; Rueben, Kim.
This paper studies the causes and consequences of racial segregation using a new general equilibrium model that treats neighborhood compositions as endogenous. The model is estimated using unusually detailed restricted Census microdata covering the entire San Francisco Bay Area, and in combination with a rich array of econometric estimates, serves as a powerful tool for carrying out counterfactual simulations that shed light on the causes and consequences of segregation. In terms of causes, and contrasting with prior research, our GE simulations indicate that equalizing income and education across race would be unlikely to result in significant reductions in racial segregation, as minority households would sort into newly formed minority neighborhoods....
Tipo: Working or Discussion Paper Palavras-chave: Segregation; General equilibrium; Endogenous sorting; Urban housing market; Locational equilibrium; Counterfactual simulation; Discrete choice; Labor and Human Capital; H0; J7; R0; R2.
Ano: 2004 URL: http://purl.umn.edu/28517
Registros recuperados: 9
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