Structural Density and Homeownership One of the most salient stylized facts about homeownership is that multifamily units—typically located in more central parts of cities—are much less likely to be owner-occupied than single-family units. This fact is consistent with landlord production efficiency advantages associated with structural density, arising from economies of scale and coordination frictions. To […]

Skill Supply, Firm Size, and Economic Development This paper harmonizes individual-level data on labor supply for 54 countries to document how firm size and the skill intensity of employment by firm size vary across countries. First, it finds that the share of employment in large firms in high-income countries is more than three times larger […]