Ahlfeldt, Gabriel Peter Gabriel Martins 
ORCID: 0000-0001-5664-3230, Bald, Fabian, Roth, Duncan and Seidel, Tobias
(2020)
Quality of life in a dynamic spatial model.
CEP Discussion Papers (CEPDP1736).
London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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Abstract
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the canonical spatial equilibrium framework understates spatial quality of-life differentials, the urban quality-of-life premium and the value of local non-marketed goods. Unlike the canonical spatial equilibrium framework, the model quantitatively accounts for local welfare effects that motivate many place-based policies seeking to improve quality of life.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | https://cep.lse.ac.uk/_new/publications/discussion... |
| Additional Information: | © 2020 The Author(s) |
| Divisions: | Geography & Environment |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs R - Urban, Rural, and Regional Economics > R2 - Household Analysis R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis |
| Date Deposited: | 19 Jan 2021 16:39 |
| Last Modified: | 14 Sep 2024 04:12 |
| URI: | http://eprints.lse.ac.uk/id/eprint/108498 |
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