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Thilo Albers

Forskare

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Prime Locations

Författare

  • Gabriel Ahlfeldt
  • Thilo Albers
  • Kristian Behrens

Summary, in English

We harness big data to detect prime locations---large clusters of know-ledge-based tradable services---in 125 global cities and track changes in the within-city geography of prime service jobs over a century. Historically smaller cities that did not develop early public transit networks are less concentrated today and have prime locations farther away from their historic cores. We rationalize these findings in an agent-based model that features extreme agglomeration, multiple equilibria, and path dependence. Both city size and public transit networks anchor city structure. Exploiting major disasters and using a novel instrument---subway potential---we provide causal evidence for these mechanisms and disentangle size- from transport network effects.

Publiceringsår

2020

Språk

Engelska

Publikation/Tidskrift/Serie

CEPR Discussion Paper

Issue

15470

Dokumenttyp

Working paper

Ämne

  • Economic History

Aktiv

Published

ISBN/ISSN/Övrigt

  • ISSN: 0265-8003