Urban, rural and regional policies

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    State authorities often argue that they can run airports more cheaply than cities. But the evidence is mixed.

State authorities often argue that they can run airports more cheaply than cities. But the evidence is mixed.

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There are more than 5,000 airports in public use in the United States. Some are run by cities, while others are state-controlled. Zachary Mohr looks at what happens when a state tries to bring a city-run airport into its control. He writes that while states contend that authorities can run airports much more cheaply, the arguments do not always […]

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    Why house prices in some neighborhoods and regions have recovered better than others since the Great Recession

Why house prices in some neighborhoods and regions have recovered better than others since the Great Recession

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After the Great Recession, not all neighborhoods and regions were equally resilient to booms and busts in the housing market. To explain differences in the resilience of housing markets, Kyungsoon Wang examined home value trajectories before and after the 2007 US housing crisis. She found that while financial mortgage programs helped recovery in the short term, more sustainable urban […]

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    When cities face hard financial times, pension liabilities are often the first to go underfunded

When cities face hard financial times, pension liabilities are often the first to go underfunded

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American cities have to pay for a lot of things: police and other safety services, roads, infrastructure and public buildings. But they are also responsible for the pensions of former city employees. In new research, Evgenia Gorina finds that when cities have less stable revenues and a greater reliance on payments from their home state, their pension liabilities are […]

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    Racial bias means people of color are excluded at each stage of buying a house, helping housing inequality to persist  

Racial bias means people of color are excluded at each stage of buying a house, helping housing inequality to persist  

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In new research, Elizabeth Korver-Glenn examines why racial residential segregation has become such a stubborn problem in America – and in some cases has actually gotten worse. Using ethnographic research of real estate agents, developers, lenders, and appraisers in Houston, Texas, she finds that their routines and policies often exclude people of color as prospective home buyers based on […]

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    How our social interactions influence our decision to buy a new home

How our social interactions influence our decision to buy a new home

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Investment decisions are not made in a social vacuum: what we hear from friends affects how attractive we perceive an asset or product to be, write Theresa Kuchler and Johannes Stroebel.

People regularly interact with their family, friends, and colleagues, but the effects of such social interactions on economic and financial decision-making are not well understood. Do such interactions influence […]

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    How the US system of neighborhood-based service provision can trap people in poverty

How the US system of neighborhood-based service provision can trap people in poverty

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In new research, Junia Howell looks at the role of neighborhoods in promoting social and economic success for the next generation. Comparing Germany and the United States, she finds that the US system of focusing on neighborhood-level provision – compared to Germany’s federally oriented model – means that American communities have a greater impact on their intergenerational mobility of […]

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    Chicago shows how global financial firms can acquire control over local infrastructure planning and financing decision-making

Chicago shows how global financial firms can acquire control over local infrastructure planning and financing decision-making

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President Trump recently discussed the potential for infrastructure reform with Democratic leaders. One way such large projects can be paid for is via public-private partnerships. In new research, Stephanie Farmer and Chris D. Poulos examine the development of such partnerships in Chicago during the tenure of Mayor Rahm Emanuel. They find that through political campaign contributions and involvement in […]

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    Evidence from Southern California shows that minority communities are adversely affected by pollution and environmental risks – but not all in the same way.

Evidence from Southern California shows that minority communities are adversely affected by pollution and environmental risks – but not all in the same way.

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Research from the past two decades has revealed that minority communities in urban centres are more likely to be exposed to pollution and poor environmental conditions in general. In new research Yushim Kim and Yongwan Chun used scores to measure pollution and environmental effects in Southern California. They find that Hispanic and Asian communities are more likely to be […]

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    Book Review: Shaping Cities in an Urban Age edited by Ricky Burdett and Philipp Rode

Book Review: Shaping Cities in an Urban Age edited by Ricky Burdett and Philipp Rode

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In Shaping Cities in an Urban Age, editors Ricky Burdett and Philipp Rode offer a richly illustrated collection of essays that sheds light on the complex past and present forces driving urban change, based on rigorous research in cities of the Global North and South. The volume provides an insightful overview of the current and future dynamics that are shaping and will […]

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    Financial innovation in mortgage products spurred the rapid increase in credit and house price growth during the last housing boom

Financial innovation in mortgage products spurred the rapid increase in credit and house price growth during the last housing boom

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Ahead of the global financial crisis of 2007-08, house sales and prices boomed. In new research, Lindsay Relihan and coauthors examine whether this boom was the cause or result of the large increase in take-up of non-traditional mortgage products around the same time. Comparing house prices and the use of alternative mortgage products in housing markets across the US, […]

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