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Working Paper
The Geography of Jobs and the Gender Wage Gap
Prior studies have shown that women are more willing to trade off wages for short commutes than men. Given the gender difference in commuting preferences, we show that the wage return to commuting (i.e., the wage penalty for reducing commute time) that stems from the spatial distribution of jobs contributes to the gender wage gap. We propose a simple job choice model, which predicts that differential commuting preferences would lead to a larger gender wage gap for workers who face greater wage returns to commuting based on their locations of residence and occupations. We then show empirical ...
Journal Article
Go Figure: Women Took Brunt of Pandemic Job Loss as Priorities Shifted to Home
Working women fared worse than men in the pandemic—a reversal from the Great Recession
Journal Article
Gentrification Transforming Neighborhoods in Big Texas Cities
As an influx of new, affluent residents has descended on gentrifying neighborhoods around the centers of Texas’ four largest cities, neighborhood amenities have improved. Meanwhile, increasing housing costs have led some low-income households and at-risk populations to locate in more suburban areas.
Working Paper
The Impact of the COVID-19 Pandemic on the Demand for Density: Evidence from the U.S. Housing Market
Cities are shaped by the strength of agglomeration and dispersion forces. We show that the COVID-19 pandemic has re-introduced disease transmission as a dispersion force in modern cities. We use detailed housing data to study the impact of the COVID-19 pandemic on the location demand for housing. We find that the pandemic has led to a greater decline in the demand for housing in neighborhoods with high population density. We further show that the reduced demand for density is partially driven by the diminished need of living close to jobs that are telework-compatible and the declining value ...
Journal Article
Largest Texas Metros Lure Big-City, Coastal Migrants During Pandemic
Almost two years since the pandemic began, high-frequency data show that migration to Texas has accelerated, as the state’s four biggest metros experience an influx of migrants often from the nation’s largest metropolitan areas. The emergence of working from home has lessened both workers’ and some companies’ reliance on physical offices, clearing the way for the new wave of mobility.
Texas shows signs of slowing; price pressures ease despite buoyant services
Texas job growth slowed in June, though it still exceeded the U.S. rate. Meanwhile, the state economy continued to expand despite the downshift in employment and weakness in manufacturing.
Journal Article
Texas economy rides wave of changing technology and diffusion of know-how
Data on patents and employment show that Texas is a major center of innovation and high-tech employment.
Texas Rebound Likely Slowed by Renewed COVID-19 Impact on Services, Retail
Indicative of slowing job expansion, the Texas unemployment rate rose to 8.3 percent in September from 6.8 percent in August and exceeded the national rate (7.9 percent) for the first time since March.
Working Paper
Conspicuous Consumption: Vehicle Purchases by Non-Prime Consumers
Consumers with higher income often spend more on luxury goods. As a result, lower-income consumers who seek to increase their perceived income and social status may be motivated to purchase conspicuous luxury goods. Lower-income consumers may also desire to emulate the visible consumption displayed by their wealthier peers. Using a unique vehicle financing dataset, we find that consumers with lower credit scores value vehicle brand prestige more than average consumers. The stronger preferences for prestige lead non-prime consumers to purchase more expensive vehicles than they otherwise would ...
Working Paper
The Rising Value of Time and the Origin of Urban Gentrification
In recent decades, gentrification has transformed American central city neighborhoods. I estimate a spatial equilibrium model to show that the rising value of high-skilled workers? time contributes to the gentrification of American central cities. I show that the increasing value of time raises the cost of commuting and exogenously increases the demand for central locations by high-skilled workers. While change in the value of time has a modest direct effect on gentrification of central cities, the effect is substantially magnified by endogenous amenity improvement driven by the changes in ...