Quality of Life, Firm Productivity, and the Value of Amenities across Canadian Cities
AbstractThis paper presents the first hedonic general-equilibrium estimates of quality-of-life and firm productivity differences across Canadian cities, using data on local wages and housing costs. These estimates account for the unobservability of land rents and geographic differences in federal and provincial tax burdens. Quality of life estimates are generally higher in Canadaâ€™s larger cities: Victoria, Vancouver are the nicest overall, particularly for Anglophones, while Montreal and Ottawa are the nicest for Francophones. These estimates are positively correlated with estimates in the popular literature and may be explained by differences in climate. Toronto is Canadaâ€™s most productive city; Vancouver, the overall most valued city.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 1287.
Length: 41 pages
Date of creation: Jan 2012
Date of revision:
quality of life; firm productivity; cost-of-living; firm productivity; compensating wage differentials;
Other versions of this item:
- David Albouy & Fernando Leibovici & Casey Warman, 2013. "Quality of life, firm productivity, and the value of amenities across Canadian cities," Canadian Journal of Economics, Canadian Economics Association, vol. 46(2), pages 379-411, May.
- David Albouy & Fernando Leibovici & Casey Warman, 2012. "Quality of Life, Firm Productivity, and the Value of Amenities across Canadian Cities," NBER Working Papers 18103, National Bureau of Economic Research, Inc.
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
- R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-10 (All new papers)
- NEP-EFF-2012-01-10 (Efficiency & Productivity)
- NEP-GEO-2012-01-10 (Economic Geography)
- NEP-TUR-2012-01-10 (Tourism Economics)
- NEP-URE-2012-01-10 (Urban & Real Estate Economics)
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