[HOY, RECORDATORIO] Seminario Job Market Economía PUJ: Pedro Tanure-Veloso (University of Minnesota)

[Nicolas Alejandro Lillo Bustos]

Estimados colegas, junto con saludarlos, los invito al Seminario de Economía del Job Market del Departamento de Economía de la Pontificia Universidad Javeriana que se realizará hoy. Los detalles, a continuación:

 

• Invitado: Pedro Tanure-Veloso (University of Minnesota)
• Sitio personal: https://sites.google.com/view/ptanurev/
• Título: Housing Supply Constraints and the Distribution of Economic Activity: The Case of the Twin Cities (link al paper)
• Abstract: This paper analyzes the effects of city-level zoning reforms on the spatial distribution of economic activity in a metropolitan area. Using parcel-level property tax and zoning data, I use Minneapolis recent reform, which eliminated single-family zoning lots, to estimate productivity gains in the local housing development sector. Using the methodology, I find that median productivity in the housing development sector is expected to grow by 9 percent at the tract level in the city. I feed the estimated productivity gain into a quantitative spatial model of the Twin Cities, the metropolitan area which Minneapolis is a part of, to compute the effect of the reform on local wages, rents and commuting patterns in the metropolitan area. I find that housing becomes around twenty five percent more affordable in Minneapolis, and rents in most of the metropolitan area fall significantly as well. As a result of people moving to Minneapolis after the zoning reform, wages in other regions of the metropolitan area increase modestly.
• Link zoom: https://javeriana-edu-co.zoom.us/j/81113923377
• Hora: 12:30-14:00
• Día: Lunes 8 de febrero de 2021.

 

Atentamente,

 

 

Nicolás A. Lillo Bustos, Phd.

Assistant Professor

Department of Economics

Pontificia Universidad Javeriana

Bogotá, Colombia

 

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