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leqonomics.bsky.social @leqonomics.bsky.social · 20/09/2025

Dear son. You can read any book you want. Any. We’ll discuss it afterwards.

leqonomics.bsky.social @leqonomics.bsky.social · 12/08/2025

🌎 𝙒𝙝𝙮 𝙞𝙩 𝙢𝙖𝙩𝙩𝙚𝙧𝙨: As rent control gains policy tract momentum , it is important to understand the potential unintended consequences of rent control policy. 🔗 𝙁𝙧𝙚𝙚 𝙖𝙘𝙘𝙚𝙨𝙨 𝙡𝙞𝙣𝙠 (𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙈𝙞𝙙 𝙎𝙚𝙥𝙩𝙚𝙢𝙗𝙚𝙧): www.sciencedirect.com/science/arti...

sciencedirect.com

Does rent control increase tenant unemployment?

This paper proposes and tests the hypothesis that rent control increases tenant unemployment. Using microdata from New York City between 2002 and 2017…

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leqonomics.bsky.social @leqonomics.bsky.social · 12/08/2025

• To address endogeneity, we use an IV strategy leveraging the relative availability of rent-stabilized units at move-in. • We build a job-search model that explains the disincentive mechanism behind the results.

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leqonomics.bsky.social @leqonomics.bsky.social · 12/08/2025

𝙒𝙝𝙖𝙩 𝙬𝙚 𝙨𝙩𝙪𝙙𝙮: we test the hypothesis whether rent control affects tenant unemployment using microdata from NYC. 𝙆𝙚𝙮 𝙛𝙞𝙣𝙙𝙞𝙣𝙜𝙨: • Rent control raises unemployment by 4+ percentage points, especially among tenants with unearned income.

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leqonomics.bsky.social @leqonomics.bsky.social · 12/08/2025

New Publication. 🏙️📈 Thrilled to share that our paper, “𝘿𝙤𝙚𝙨 𝙍𝙚𝙣𝙩 𝘾𝙤𝙣𝙩𝙧𝙤𝙡 𝙄𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙏𝙚𝙣𝙖𝙣𝙩 𝙐𝙣𝙚𝙢𝙥𝙡𝙤𝙮𝙢𝙚𝙣𝙩?”, has been published in the 𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐨𝐟 𝐔𝐫𝐛𝐚𝐧 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬!!! 🚀 🚀 🚀 (with Hanchen Jiang and Xi Yang). Thread.

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leqonomics.bsky.social @leqonomics.bsky.social · 12/08/2025

We have spots left for our @jhu.edu Chile Global Immersion – Sustainability and Business in Latin America in January. If you are a student at our masters programs consider enrolling. www.youtube.com/watch?v=Pja9... blog.carey.jhu.edu/article/26-m...

youtube.com

Global Immersion at Carey: Building connections in Chile

YouTube video by JHUCareyBusiness

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Reposted by @leqonomics.bsky.social

Gareth L. Powell / G.L. Powell @garethlpowell.bsky.social · 21/07/2025

Does anyone else find it crazy that you can walk into a bookshop and be charged £9.99 for a paperback novel that took the author a year to complete, but £17.99 for a completely blank notebook?

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leqonomics.bsky.social @leqonomics.bsky.social · 21/07/2025

Freezing rent increases in New York City is relatively (politically) simple. Making apartments affordable is a much more daunting task, @foxjust cites our work on rent stabilization (www.sciencedirect.com/science/arti...) in this new article: www.bloomberg.com/opinion/arti...

sciencedirect.com

Measuring the value of rent stabilization and understanding its implications for racial inequality: Evidence from New York City

Amid a renewed interest in rent control due to the housing affordability crisis, the scope and distribution of its benefits remain underexplored. Usin…

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leqonomics.bsky.social @leqonomics.bsky.social · 01/07/2025

The call for papers for the 4th Annual #LAUrban Meeting is out! Amazing speakers on cities in an amazing city! submit here: urbanlacea@gmail.com (no reg fee; accommodation covered!)

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leqonomics.bsky.social @leqonomics.bsky.social · 22/05/2025

OMD is a criminally underrated band. It is way more than the hits. Experimental electro pop at its best.

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leqonomics.bsky.social @leqonomics.bsky.social · 19/05/2025

Attending a seminar by Francesco D'Acunto (Georgetown) at @idb. In a global survey, Argentina ranks 1st in financial literacy. Wow. An unexpected consequence of crises. (the paper is about using stylized facts on inflationary expectations to improve macro models... but this fact really stood out).

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leqonomics.bsky.social @leqonomics.bsky.social · 15/05/2025

Inspired by Nina Buchman's presentation on Paternalistic Discrimination in labor markets I have been thinking about this in housing programs that restrict recipients from selling their received units. Is there any reason for this other than being a homeowner has benefits they may not internalize?

egc.yale.edu

Nina Buchmann

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leqonomics.bsky.social @leqonomics.bsky.social · 02/05/2025

trying to get work get out of the way to actually work.

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Reposted by @leqonomics.bsky.social

AREUEA @areuea.bsky.social · 01/05/2025

Join us next Wednesday, May 7, at 11:00 (ET), for our Virtual Seminar! #econsky Registration: us06web.zoom.us/webinar/regi...

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leqonomics.bsky.social @leqonomics.bsky.social · 21/04/2025

New #chatgpt model offered to describe me based on our chats and came up with: You're Luis Quintero — part urban economist, part policy sage, part literary soul.

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leqonomics.bsky.social @leqonomics.bsky.social · 26/02/2025

Of course Martin. I just opened my DMs! (new to Bluesky)

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leqonomics.bsky.social @leqonomics.bsky.social · 19/02/2025

Join our team and help us analyze the effects of Quito's first Metro line using causal inference techniques and spatial models, suing census data, administrative records, satellite imagery, and official surveys. #QuitoMetro #SpatialAnalysis #IDB www.linkedin.com/jobs/view/41...

linkedin.com

Inter-American Development Bank hiring Consultant for evaluation and data analysis in Ecuador | LinkedIn

Posted 6:56:21 AM. Post of Duty: Ecuador The IDB Group is a community of diverse, versatile, and passionate people who…See this and similar jobs on LinkedIn.

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leqonomics.bsky.social @leqonomics.bsky.social · 23/01/2025

Life, Liberty and the pursuit of Happiness.

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leqonomics.bsky.social @leqonomics.bsky.social · 09/12/2024

Nonhomothetic preferences play a pivotal role in modeling this structural change. As incomes grow, shifts in consumption patterns can drive sectoral growth, helping explain economic transformation during the period. 6/7

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leqonomics.bsky.social @leqonomics.bsky.social · 09/12/2024

Without this technological catch-up, the story would have been different. Spatial inequality would have deepened as industrialization progressed. Instead, convergence prevailed, illustrating the importance of balancing sectoral and spatial dynamics. 5/7

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leqonomics.bsky.social @leqonomics.bsky.social · 09/12/2024

Technological adoption was critical. Rural regions, despite their exposure to agricultural decline, avoided worsening spatial inequality. Why? Rapid catch-up in technology offset the adverse impacts of their sectoral specialization. 4/7

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leqonomics.bsky.social @leqonomics.bsky.social · 09/12/2024

Key forces at play: 1️⃣ Technological catch-up drove regional wage growth and spatial convergence. 2️⃣ Regional sectoral specialization exposed areas to shifts in aggregate reallocation. Together, these forces reshaped the U.S. economy. 3/7

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leqonomics.bsky.social @leqonomics.bsky.social · 09/12/2024

Structural change from agriculture to industry was transformative. Rural counties in the U.S. were initially poor but experienced rapid growth and industrialization during this period, reshaping the economic geography of the nation. 2/7

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leqonomics.bsky.social @leqonomics.bsky.social · 09/12/2024

Excited to share insights from @the_IDB Economists Network Seminar! Michel Peter (Yale University) presented his paper Spatial Structural Change, exploring how local economic development intersects with aggregate structural change in the U.S. economy (1880–1920). 🧵 1/7

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

This a very cool paper… but more than that, besides generating knowledge the authors developed a platform that actually created welfare improvements in renters. This program improved access to places with better amenities just with informational treatments. 5/5

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Part of the explanation is that the better informed households focused their search on the better neighborhoods, which present fewer opportunities for them to find a rental unit. 4/5

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Then they checked the lease attempts and successful leaseups. The program increased successful lease ups by 3.4 pps. The most basic information had the highest impact in the short run and the most comprehensive sped up in the medium run. 3/5

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

This randomizes access to information for households who had not used their housing vouchers. Some treatments only reminded them, another informed of the importance of moving to better areas, and one provided information to search for these areas.. 2/5

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

To finish off the day #LAUrban @javieraselman presents Take up Barriers in Rental Voucher Programs: Experimental Evidence from Chile evaluating an online counseling platform called learn and rent in Chile. 1/5

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Still, we should be careful when comparing these, if their objective is different. For instance, relocation policies happen often when slum location is vulnerable to natural disasters. Displacement in in-situ upgrading is also a concern to consider. 6/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

What about the policies? In situ-upgraded slums can really bring about revitalization in the form of higher land values, housing quality. It also reduces crime significantly. All of these results are relative to the policy of relocation. 5/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

The authors use machine learning to learn about what the slum images looks like and classifies them as slums. This is critical because, by definition, slums are very challenging to study because of lack of official housing data. 4/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Where exactly? Slums are located close to high concentration of firms with many opportunities for low skilled workers but far from amenities. Slum growth is linked to housing unafordability around it. 3/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

This paper also documents slums dynamics and Econ conditions affecting slum growth. The descriptive results are very interesting: Slums grow faster than nearby areas. They are located in are in high density area on the outskirts. 2/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Joaquin Urrego #LAUrban @Banxico work on slums in Chile (In-situ Upgrading or Population Relocation? Direct Impacts and Spatial Spillovers of Slum Housing Policies) sheds light on whether we should fix slums or move their inhabitants to formal neighborhoods. 1/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

This is fascinating work that shows that sewer systems are key amenities and that they provide amenities equivalent to transportation. Gov and int orgs Investments in these systems should be much more prevalent than they are. 6/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

So, the first stage is the sewer share by tract as a function of radial bin (from the center of the city) indicators. Instruments will be whether you are inside outside of the drainage basin. Density increase with the presence of sewers, but income and literacy don’t. 5/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Magnitude of cost school increases with horizontal and vertical displacement to basin divide for locations outside the basin. The paper looks at all cities in the UN Cities data in 5 countries: Brazil, Colombia, South Africa, Tanzania, Jordan. 4/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Sewer networks generally serve a single drainage basin (the area that will pour onto a common point). Taking gravity as given, crossing a basin divide must increase the cost of sewer access for otherwise similar locations. 3/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Sewers are key in our ability to live in proximity. Surprisingly, they are very understudied given how important they are for productive urban lives. How do we identify the effect. First, sewers work on gravity. 2/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

The first keynote by Matthew Turner #LAUrban presenting Sewers and Urban Development. How does sewer construction affect the development of cities? A core tenet of urban economics is that we are more productive when we work closer. But we bump into congestion costs. 1/6

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

This paper uses the bootstrap method to estimate a direct bias correction for wide range of covariance estimates that is easily scalable for the number of corrections, say corrections per city industry and occupation. 2/2

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Now, we have Miguel Zerecero – UC Irvine #LAUrban presenting No More Limited Mobility Bias: Exploring the Heterogeneity of Labor Markets. In the Abowd, Kramarz and Amrgolis AKM model of wages, bias increases from noise in OLS when we do not have many workers moving. 1/2

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

So, starting from already large lots makes it significantly easier to build up. These larger lots increase land prices and productivity for firms too. Lot size in an urban are is a man made factor that strongly affects evolution of the housing stock in cities. 3/3

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Local lords, who owned larger lots, lost their states after 1868 in Japan. This meant a supply shock of larger lots in Tokyo. Large variation in heights of buildings in very small areas in Tokyo suggest the existence of large lot assembly costs. 2/3

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

Second paper in the session is by Kensuke Teshima: From Samurai to Skyscrapers: How Transaction Costs Shape Tokyo. #LAUrban Taller buildings have a larger footprint. Could lowering transaction of costs of integrating lots promote tall buildings? 1/3

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leqonomics.bsky.social @leqonomics.bsky.social · 05/12/2024

But even more interesting is the possibility that Uber can serve as substitute for people who decide to drop car usage and use transit. 3/3

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