Interregional Differentials in Wage, Income, Land Value, and Consumer Price Index
AbstractThe objective of this paper is to consider interregional differentials in a unified framework by explicitly incorporating land for housing, and to conduct an empirical analysis of the interregional differential indexes. It is revealed that between regions the CPI varies little, the wage rate varies more, and the land value varies the most. We show that those differentials are related to difficulties in mobility and spatial arbitrage.
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Bibliographic InfoPaper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number 97-F-1.
Length: 12 pages
Date of creation: Jan 1997
Date of revision:
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