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Title: Urban Population and Amenities: The Neoclassical Model of Location

Citation Type: Miscellaneous

Publication Year: 2015

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Abstract: We use a neoclassical general-equilibrium model to explain cross-metro variation in population, density, and land supply based on three amenity types: quality-of-life, productivity in tradables, and productivity in non-tradables. This elucidates commonlyestimated elasticities of local labor and housing supply and demand. From wage and housing-cost indices, we explain half of observed density and total population variation, and find jobs follow people more than people follow jobs. Land-area and density data are used to estimate elasticities of housing and land supply, and improve landrents and local-productivity estimates. We show how relaxing land-use regulations and neutralizing federal taxes would affect different cities.

Url: https://www.arec.umd.edu/sites/default/files/_docs/events/David Albouy-Urban Population and Amenities.pdf

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Authors: Albouy, David; Stuart, Bryan

Publisher: University of Illinois

Data Collections: IPUMS USA

Topics: Land Use/Urban Organization

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