Publikasjonsdetaljer

År
2014
Forfattere
Boualam, Brahim
Publisert i/av
Regional Science and Urban Economis
Nr
Volume 46, pages 12-17
Næring
Land
USA
Type
Vitenskapelig artikkel
Nøkkelord
Urban utvikling, Lokalisering
Abstrakt / Utdrag

Does a better cultural milieu make a city more livable for residents and improve its business environment for firms? I compute a measure of cultural specialization for 346 U.S. metropolitan areas and ask if differences in cultural environment across cities capitalize into housing price and wage differentials. Simple correlations replicate standard results from the literature: cities that are more specialized in cultural occupations enjoy higher factor prices. Estimations using time-series data, controlling for city characteristics and correcting for endogeneity weaken the magnitude of this effect. Even though the arts and culture might be appealing to some people and firms, such determinants are not strong enough to affect factor prices at the city level.