Urban Transit Infrastructure: Spatial Mismatch and Labor Market Power

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dc.contributor.authorPérez, Jorge
dc.contributor.authorVial, Felipe
dc.contributor.authorZárate, Román
dc.coverage.spatialChilees_ES
dc.date.accessioned2022-12-29T20:20:00Z
dc.date.available2022-12-29T20:20:00Z
dc.date.issued2022-09
dc.description.tableofcontentsDoes transit infrastructure reduce labor market power? This paper estimates the effects of a large subway expansion on local labor market outcomes in Santiago, Chile. Using a linked employer-employee dataset with spatial information, we estimate the effects of the network expansion on the most-affected workers and firms through a reduced-form analysis. We find changes in work locations and wages consistent with a reduction in firms’ labor market power around areas connected to the subway network after the expansion. We then lay out a quantitative spatial equilibrium model where firms behave as oligopsonies in the labor market to calculate the welfare gains from the transit infrastructure expansion. Our model allows us to decompose the welfare gains into i) the efficiency gains through improved matching between workers and firms and ii) the gains from reducing labor misallocation through labor market power responses. The model also provides a framework to analyze the distributional implications of the infrastructure expansion. We find that workers benefit as firm owners see reduced profits and that accounting for labor market power responses amplifies the welfare gains.es_ES
dc.identifier.citationPérez, J., Vial, F., & Zárate, R. (2022, September). Urban Transit Infrastructure: Spatial Mismatch and Labor Market Power. Retrieved from https://scioteca.caf.com/handle/123456789/1992en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/1992
dc.language.isoenes_ES
dc.subjectDesarrollo urbanoes_ES
dc.subjectEconomíaes_ES
dc.subjectInfraestructuraes_ES
dc.titleUrban Transit Infrastructure: Spatial Mismatch and Labor Market Poweres_ES
dc.typeworkingPaperes_ES

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