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

thanks for the shoutout!

#RentControl #RentStabilization #UrbanEconomics #HousingPolicy #Affordability #PolicyEvaluation
@jhucarey.bsky.social

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…

🌎 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...

• 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.

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.

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.

YouTube video by JHUCareyBusiness Global Immersion at Carey: Building connections in Chile

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...

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?

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…

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...

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!)

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

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).

Nina Buchmann

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?

Starting now! Do not miss it!

Christophe Spaenjers presenting Race, rental yields, and housing decay in Manhattan

Registration: us06web.zoom.us/webinar/regi...

We look forward to your participation and a great discussion to kick off the new seminar series!

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

Join us next Wednesday, May 7, at 11:00 (ET), for our Virtual Seminar! #econsky

Registration: us06web.zoom.us/webinar/regi...

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.

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

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...

Life, Liberty and the pursuit of Happiness.

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

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

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

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

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

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

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

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

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