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Residential choice of knowledge-workers in a 'startup metropolis': the role of amenities, workplace and lifestyle

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  • Amnon Frenkel

    ()

  • Edward Benedit
  • Sigal Kaplan

    ()

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    Abstract

    Knowledge-workers belonging to the super-creative core of the creative-class are considered a mean to induce economic growth and to sharpen the regional competitive edge. Driven by the key-role of housing in attracting and retaining knowledge-workers, most studies focus on the residential choice of knowledge workers at the inter-metropolitan level. In contrast, empirical evidence and analysis at the intra-metropolitan level are scarce. This study focuses on investigating the tradeoff among location amenities, workplace and lifestyle in the residential choice of knowledge-workers at the intra-metropolitan level. The importance of this issue derives from the key-role of housing as enabler for attracting and retaining knowledge-workers, and from evidence regarding the contradicting role of knowledge-workers both as catalysts to urban revitalization and as contributors to urban sprawl. Consequently, understanding the determinants of knowledge-workers' residential choice is essential for suggesting policy measures to attract and to retain knowledge workers, while promoting sustainable urban development. Multinomial logit and nested logit models are estimated for the location choice within the metropolitan area. Residential alternatives include several community types in the metropolitan core and surrounding concentric rings. Considered amenities are municipal socio-economic ranking, municipal investment in education, housing density, population composition in terms of age and creative occupations, and land-use shares allocated to public open spaces, culture and sport, public services, healthcare, education and industry. Workplace attributes are location and self-reported commuting time to work. Lifestyle is viewed from a holistic perspective encompassing lifecycle stage, work-role and leisure consumption, subject to available budget and level of mobility. The proposed model is applied to 837 observations of actual housing choices collected by means of a custom-designed web-based survey. Survey respondents consist of knowledge-workers in high-technology and financial business services, who work and reside in Tel Aviv metropolitan region, also known as the ‘the startup metropolis’. The empirical results reveal the relative importance of location amenities, workplace location and lifestyle in the residential location choice of knowledge workers. Relevant policy directions are suggested and discussed.

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    Bibliographic Info

    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p208.

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    Date of creation: Sep 2011
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    Handle: RePEc:wiw:wiwrsa:ersa11p208

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    1. Otto Raspe & Frank van Oort, 2006. "The Knowledge Economy and Urban Economic Growth," Papers in Evolutionary Economic Geography (PEEG) 0607, Utrecht University, Section of Economic Geography, revised Apr 2006.
    2. Dafna Schwartz, 2006. "The Regional Location of Knowledge Based Economy Activities in Israel," The Journal of Technology Transfer, Springer, vol. 31(1), pages 31-44, 01.
    3. Daniel Felsenstein, 2002. "Do high technology agglomerations encourage urban sprawl?," The Annals of Regional Science, Springer, vol. 36(4), pages 663-682.
    4. de Palma, Andre & Picard, Nathalie & Waddell, Paul, 2007. "Discrete choice models with capacity constraints: An empirical analysis of the housing market of the greater Paris region," Journal of Urban Economics, Elsevier, vol. 62(2), pages 204-230, September.
    5. Florida, Richard & Mellander, Charlotta & Stolarick, Kevin, 2007. "Inside the Black Box of Regional Development - human capital, the creative class and tolerance," Working Paper Series in Economics and Institutions of Innovation 88, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
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    7. Gabriel, Stuart A & Rosenthal, Stuart S, 1989. "Household Location and Race: Estimates of Multinomial Logit Model," The Review of Economics and Statistics, MIT Press, vol. 71(2), pages 240-49, May.
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    9. Zephyr, 2010. "The city," City, Taylor & Francis Journals, vol. 14(1-2), pages 154-155, February.
    10. Jos van Ommeren & Arno van der Vlist & Peter Nijkamp, 2006. "Transport-Related Fringe Benefits: Implications For Moving And The Journey To Work," Journal of Regional Science, Wiley Blackwell, vol. 46(3), pages 493-506.
    11. Frank van Oort & Anet Weterings & Heleen Verlinde, 2003. "Residential amenities of knowledge workers and the location of ICT-FIrms in the Netherlands," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 94(4), pages 516-523, 09.
    12. Willem Van Winden, 2010. "Knowledge And The European City," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 101(1), pages 100-106, 02.
    13. Tan Yigitcanlar & Koray Velibeyoglu, 2008. "Knowledge-Based Urban Development: The Local Economic Development Path of Brisbane, Australia," Local Economy, Taylor and Francis Journals, vol. 23(3), pages 195-207.
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