Pinned
New paper with @BennyKleinman & @ElioNimier!
- 4% of establishments relocate each year (FRA & US).
- Using those relocations, we find that “location effects” explain only 2-5% of spatial wage disparities.
Summary below!
Why are wages in Paris or NYC higher than in other cities?
In a new WP with @PaulineCarry & @BennyKleinman , we decompose spatial disparities btw “location effects” and the local composition of workers and establishments.
New data on firm mobility + double-mover design.
🧵⬇️
