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December 2, 2024

Why Has Construction Productivity Stagnated? The Role of Land-Use Regulation

Abstract We document a Kuznets curve for construction productivity in 20th-century America. Homes built per construction worker remained stagnant between 1900 and 1940, boomed after World War II, and then…

November 5, 2024

Harvard Professor Edward Glaeser on the U.S. Housing Crisis

Why are U.S. housing prices so high? Edward L. Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard University, is an expert in housing and urban economics. His…

September 2, 2024

This Is How to Fix the Housing Crisis

Vice President Kamala Harris correctly identified one of America’s biggest problems when she said that “there’s a serious housing shortage.” America’s affordable-housing crisis exacerbates wealth inequities, leads low-income parents to…

April 26, 2024

Human Capital Spillovers and Health: Does Living Around College Graduates Lengthen Life?

Abstract Equally educated people are healthier if they live in more educated places. Every 10 percent point increase in an area’s share of adults with a college degree is associated…

February 22, 2024

The Workforce/Middle-Income Housing Tax Credit

…Corinth and Edward J. Pinto and the Cato Institute’s Chris Edwards discussed the LIHTC’s limitations; it has historically created a small amount of costly, poorly targeted housing units. The system…

January 2, 2024

Billionaire-Built Cities Would Be Better Than Nothing

A company backed by Silicon Valley’s most powerful investors, including the LinkedIn co-founder Reid Hoffman and the venture capitalist Marc Andreessen, assembled a land empire outside San Francisco and announced…