Search

Since its original formulation, various extensions of the Kuznets hypothesis have been proposed. In this paper, we make use of a unique panel dataset of Canadian regions to test whether inter‐personal income inequality increases once the initial inverted‐U pattern is completed. Our results support the notion of a sideways S‐shaped curve describing a wavelike decrease to increase shift, with a turning point in the late‐1990s/early‐2000s where inter‐personal inequality across regions "bottoms out" before alternating to an upward‐sloping trajectory. While there are many factors associated with this reversal of trends, we find evidence that a region's size plays a role in explaining the more recent rise in inequality. [ABSTRACT FROM AUTHOR]

Why are some cities more compact than others? We argue that riskier housing markets have a costlier real option; developers would require greater compensation to build now—thus, developers are being incentivized to delay, giving rise to more compact cities. We test this hypothesis cross‐sectionally for Canada's 11 largest census metropolitan areas. We interpret satellite imageries and estimate a hierarchical spatial autoregressive model to account for both the hierarchical and the spatial structure of our data. Our results show that, on average, a one‐percentage‐point increase in price risk reduces urban land coverage in the fringe by about 0.7 percentage point. [ABSTRACT FROM AUTHOR]