Search Results

SORT BY: PREVIOUS / NEXT
Keywords:amenity value 

Report
Crime, house prices, and inequality: the effect of UPPs in Rio

We use a recent policy experiment in Rio de Janeiro, the installation of permanent police stations in low-income communities (or favelas), to quantify the relationship between a reduction in crime and the change in the prices of nearby residential real estate. Using a novel data set of detailed property prices from an online classifieds website, we find that the new police stations (called UPPs) had a substantial effect on the trajectory of property values and certain crime statistics since the beginning of the program in late 2008. We also find that the extent of inequality among residential ...
Staff Reports , Paper 542

Working Paper
The Shift to Remote Work Lessens Wage-Growth Pressures

The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of US employers, and we develop novel survey data to quantify its force. Our data imply a cumulative wage-growth moderation of 2.0 percentage points over two years. This moderation offsets more than half the real-wage catchup effect that Blanchard (2022) highlights in his analysis of near-term inflation pressures. The amenity-values gains ...
FRB Atlanta Working Paper , Paper 2022-7

FILTER BY year

FILTER BY Series

FILTER BY Content Type

Report 1 items

Working Paper 1 items

FILTER BY Author

FILTER BY Jel Classification

D22 1 items

E24 1 items

E25 1 items

E31 1 items

J3 1 items

K42 1 items

show more (4)

FILTER BY Keywords

PREVIOUS / NEXT