![]() | |
![]() | Cookies? |
| |||||||
![]() | ![]() | ![]() | ![]() | ![]() | |||
![]() |
Abstract:![]()
CEP discussion paper
Quality of life in a dynamic spatial model Gabriel M. Ahlfeldt, Fabian Bald, Duncan Roth and Tobias Seidel December 2020 Paper No' CEPDP1736: Full Paper ![]() 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. |
![]() |
| ||||
Copyright © CVER & LSE 2015
- 2022
| LSE, Houghton Street, London WC2A 2AE | Tel: +44(0)20 7955 7048 | Email: CVER@lse.ac.uk | Site updated 24 May 2022
|