NIMBY vs. YIMBY sentences to ponder

CZs means “commuting zones”:

We find that larger and higher‐earnings CZs have much higher housing costs than smaller or lower‐earnings CZs, enough so to more than completely offset their larger effects on nominal earnings. Thus, movements to larger or to higher earnings locations mean reductions in real income.

That is from a new paper by David Card, Jesse Rothstein, and Moises Yi.  Via Adam Ozimek.  Maybe this is a problem!


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