- Esposito, C., Rigby, D. 2019. Buzz and Pipelines: The Costs and Benefits of Local and Non-Local Interaction. Journal of Economic Geography 19 (3). 753-773. [PDF] [Article]
— Awarded the 2019 UCLA Geography Graduate Student Publication Award.
- Meyer, W., Esposito, C. 2014. Burgess and Hoyt in L.A.: Testing the Chicago Models in the Automobile-Age American City. Urban Geography 36 (2). [Article]
- Meyer, W, Esposito, C. 2014. Residential Patterns in the Pre-Automobile American City. Geographical Review 104 (3). [Article]
Under Peer Review
- Esposito, C. The Emergence of Knowledge Production in New Places. [Preprint]
- Esposito, C., Side-by-Side Minimum Wage Experiments in Los Angeles County. In Preparation. With Edward Leamer (UCLA Anderson) and Jerry Nickelsburg (UCLA Anderson).
- Abstract: We investigate how the incidence of minimum wage increases are borne by restaurant owners, restaurant customers, and land property owners. We exploit a natural experiment in Los Angeles County, where separate minimum wage laws implemented by the City of Los Angeles in 2015 and the State of California in 2016 created significant spatial variation in the statutory minimum wage. To study its incidence, we collected detailed price and restaurant closure information from active restaurants, and collected rental rate data from vacant restaurants listings. We find that minimum wage increases at upmarket restaurants are borne by customers through higher food prices, and at down-market restaurants by landlords through lower land rents. Together, these results suggest that, at least during the period studied here, Los Angeles’ minimum wage increases largely achieved their policy goal of mitigating inequality in the region by redistributing income from affluent customers, owners of capital, and landlords to minimum-wage workers.
- Esposito, C. Preature Deagglomeration: The Burden of Inelastic Housing Supply on the Innovation Economy. [PDF]
- Abstract: What types of economic activities deagglomerate from cities when the local housing supply is inelastic? It is well-established that housing prices in cities like San Francisco, Boston, and New York displace certain workers and prohibit the in-migration of others. However, much less is known about how productive economic activities relocate when inelastic housing supply inflates local price levels. In this paper, I show that the spatial responsiveness of economic activity to housing costs depends on the level of maturity and standardization of the sector. In particular, I exploit variation in the maturity level of technologies as recorded on U.S. patent records to show that patent production in new and dynamic technological fields is spatially non-responsive to inelastic housing supply. On the other hand, patent production in older and more mature technological fields relocates to lower-cost locations when housing prices are sufficiently onerous. Because patent production, like most economic activity, benefits from agglomeration economies, the deagglomeration of marginally-mature patent production represents a burden that inelastic housing supply places on the knowledge economy.