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      Income Sorting Across Space: The Role of Amenities and Commuting Costs in Geneva


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      December 11, 2019

      Wednesday   2:15 PM

      Rue du Général- Dufour 24
      Geneva, Genève 1211

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      EVENT DETAILS
      Income Sorting Across Space: The Role of Amenities and Commuting Costs

      11.12.2019 14:15 – 15:45

      INSTITUTE OF ECONOMICS AND ECONOMETRICS SEMINAR / ABSTRACT

      "We study the sorting of skill-heterogeneous consumers within and between cities. We allow for non-homothetic preferences and locations that are differentiated by their accessibility to exogenous amenities and distance to employment centers, where production is subject to local externalities. The residential equilibrium is driven by the properties of an amenity-commuting aggregator obtained from the primitives of the model. Using the model's structure and estimated parameters based on micro-data on the Netherlands, we predict that exogenous amenities are a key driver of social sorting. In the absence of amenities, the GDP increases by 10% because commutes are shorter. However, income segregation rises and 95% of consumers are worse-off."
      Lieu

      Bâtiment: Uni Mail

      Boulevard du Pont-d'Arve 40
      1205 Geneva

      Room: M 3250, 3rd floor

      Categories: University & Alumni

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