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Title: Essays on urban and Labor Economics
Citation Type: Dissertation/Thesis
Publication Year: 2023
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Abstract: This thesis investigates the relationship between residential location choice and labor market outcomes. The decision to reside in a particular location is intertwined with labor market opportunities, which are crucial determinants for housing market outcomes. Conversely, any barrier to mobility due to housing policy or finance condition adversely affects workers' careers, making any housing policy consequential for the labor market. Chapter 1 focuses on the labor market outcomes of negative equity homeowners who face geographical mobility barriers due to economy-wide factors. Using Census data in 2005-2010, the study estimates the mobility response and labor market outcomes of negative equity homeowners to the China trade shock and compares them to other homeowners. The analysis finds no significant d ifference be tween th e tw o gr oups in te rms of mo bility, em ployment al ong intensive and extensive margin, and wages, suggesting that house lock-in effects d id n ot significantly influence t he p attern o f wages a nd e mployment a fter t he C hina shock. Chapter 2 delves into the mechanisms behind location choice decisions based on labor market prospects and examines the relative weight of spouse career prospects in the location decision of dual-earner, college-educated straight couples. The analysis finds that higher expected wages for husbands in a potential destination makes it more attractive for households, compared to the same increase in expected wages for wives, a gap which monotonically diminishes with age. Several hypotheses are explored, with the division of labor within the household being most consistent with the evidence. Also this difference c annot b e i nterpreted a s a difference in spouses' bargaining power, as the estimated bargaining power from a model including home production shows almost no gender imbalance. Chapter 3 examines the popularity of rent stabilization, a widely advocated housing afford-ability policy despite its inefficiencies. Co ntrary to co nventional be lief, th e st udy fin ds tha t the main benefit o f r ent r egulation f or t enants i s n ot t he p rotection i t p rovides a gainst h igher rent increases over time. Instead, rent regulation is attractive mainly because it is associated with lower quality and less expensive units, which are in higher demand.
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Authors: Forouzandeh Shahraki, Ramin
Institution: University of Toronto
Department: Management
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Pages: 1-95
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure
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