Consumption amenities and city population density
Population density varies widely among U.S. metro areas. A simple, static general equilibrium model demonstrates that moderate differences in metro areas' consumption amenities can cause extremely large differences in their population density. Such amenities are more strongly capitalized into housing prices than into wages. Empirical results suggest that amenities do indeed help support high density levels and that amenities are becoming a more important determinant of where people choose to live. Matching the empirical correlation between wages and density requires that amenities cause approximately one fifth of the cross-sectional variation in metro population density.
Year of publication: |
2008
|
---|---|
Authors: | Rappaport, Jordan |
Published in: |
Regional Science and Urban Economics. - Elsevier, ISSN 0166-0462. - Vol. 38.2008, 6, p. 533-552
|
Publisher: |
Elsevier |
Keywords: | Population density Consumption amenities Quality of life Productivity Urban agglomeration |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
A guide to aggregate house price measures
Rappaport, Jordan, (2007)
-
How does labor mobility affect income convergence?
Rappaport, Jordan, (1999)
-
Why do the poor live in cities The role of public transportation
Glaeser, Edward L., (2008)
- More ...