What drives racial segregation? New evidence using census microdata

Article Abstract:

The question of whether racial differences in sociodemographic characteristics can explain observed levels of racial segregation is re-examined using restricted census microdata that link households to the census block in which they live. A simple measurement framework is developed to make use of the rich joint distribution of individual and neighbourhood characteristics, analyzing segregation patterns in the San Francisco Bay Area.

International Affairs, Income Distribution, Racial Oppression, Race discrimination, Personal income

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On the equilibrium properties of locational sorting models

Article Abstract:

The equilibrium properties of a broadly applicable and readily estimable class of sorting models is developed that allow location decisions to depend on both fixed local attributes and local interactions. An equilibrium that will always exist in this class of models under a set of easily satisfied conditions, and the equilibrium that will be unique under conditions encountered in many empirical problems are demonstrated.

Economics, Equilibrium (Economics), Economic theory

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Fiscal news, state budget rules, and tax-exempt bond yields

Article Abstract:

Bond yields of states with tax limits are largely effected by unexpected deficits. The results of a study suggests that bond market participants view fiscal institutions, in assessing the risk characteristics of tax-exempt bonds.

Management dynamics, Financial Corporations, Taxes, Management, Taxation, Financial institutions, Company business management, Credit market, Credit markets, Bond yield

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