@article{1826208202a54f8bb6c2b865192515f5,
title = "Urban Population and Amenities: The Neoclassical Model of Location",
abstract = "We develop a neoclassical general equilibrium model to explain cross-metro variation in population and density. We provide new methods to estimate traded and nontraded productivities, and elasticities of housing and land supply, using density and land area data. From wage and housing cost indices, the model explains half of U.S. density and population variation and finds that quality of life determines location choices more than trade productivity; productivity and factor substitution in housing matter most, but are weak in nicer areas. Relaxing land use regulations would increase population in the West, raising both quality of life and productivity experienced by residents.",
author = "David Albouy and Stuart, {Bryan A.}",
note = "Funding Information: For their help and input, we thank David Agrawal, Nate Baum‐Snow, Rebecca Diamond, Jesse Gregory, Andrew Haughwout, Jordan Rappaport, Will Strange, Juan Carlos Su{\'a}rez Serrato, and Owen Zidar; conference participants at the 2012 Urban Economics Association annual meeting, 2012 National Tax Association annual meeting, 2013 American Real Estate and Urban Economics Association annual meeting, 2013 Canadian Economics Association annual meeting, 2013 National Bureau of Economic Research Summer Institute meeting in Urban Economics, 2013 Housing Urban Labor Macro meeting in Atlanta; and seminar participants at Calgary, Cornell, the Cleveland Federal Reserve, Georgia State University, IEB Barcelona, the Kansas City Federal Reserve, Maryland, Michigan, Minnesota (Applied Economics), NYU Abu Dhabi, the Paris School of Economics, Purdue, Sciences Politiques, Toronto, and the Toulouse School of Economics. During work on this project, Albouy was supported by the NSF grant SES‐0922340 and Stuart was supported by an NICHD training grant (T32 HD007339) and an NICHD center grant (R24 HD041028) to the Population Studies Center at the University of Michigan. This article was previously presented as “Urban Quantities and Amenities.” Any mistakes are our own. ",
year = "2020",
month = feb,
day = "1",
doi = "10.3386/w19919",
language = "English (US)",
volume = "61",
pages = "127--158",
journal = "International Economic Review",
issn = "0020-6598",
publisher = "Wiley-Blackwell",
number = "1",
}