A methodology is developed for constructing quality-of-life comparisons for metropolitan areas in which the full bundle of an area’s attributes is valued, rather than the typical method of focusing on individual characteristics.
A demonstration that unionization can affect cost of production through increases in compensation, through shifts in technologies, and through deviations from the least-cost combination of inputs (the factor-use effect).
An estimation of components of public capital stock for 38 metropolitan areas from 1953 to 1981, using the perpetual inventory method. These series are used to estimate the effect of public capital stock on regional manufacturing production.
Labor costs are often cited as the primary hindrance to economic development in cities where wages are high and as a spur to development in cities where wages are low. The relationship between labor costs and growth is complex, however.