Household Life Cycle Location Choices and the Dynamics of Metropolitan Communities∗
نویسندگان
چکیده
In this paper we develop an overlapping generation model to study the life cycle choices of heterogeneous households and characterize the dynamics of metropolitan communities. The model focuses on household sorting and local public good provision in a system of local jurisdictions. We define equilibrium and characterize its qualitative properties. We develop an algorithm to compute equilibria and illustrate some of the quantitative properties of equilibrium using a calibrated version of the model. by the National Science Foundation (SBR-0617844).
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تاریخ انتشار 2007