Quality of Life, Firm Productivity, and the Value of Amenities Across Canadian Cities

40 Pages Posted: 25 May 2012 Last revised: 20 Jun 2021

See all articles by David Albouy

David Albouy

University of Michigan at Ann Arbor - Department of Economics; National Bureau of Economic Research (NBER)

Fernando Leibovici

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Casey Warman

Dalhousie University

Multiple version iconThere are 2 versions of this paper

Date Written: May 2012

Abstract

We present hedonic general-equilibrium estimates of quality-of-life and productivity differences across Canada's metropolitan areas. These are based off of the estimated willingness-to-pay of heterogeneous households and firms to locate in various cities, which differ in their wage levels, housing costs, and land values. Using 2006 Canadian Census data, our metropolitan quality-of-life estimates are somewhat consistent with popular rankings, but find Canadians care more about climate and culture. Quality-of-life is highest in Victoria for Anglophones, Montreal for Francophones, and Vancouver for Allophones, and lowest in more remote cities. Toronto is Canada's most productive city; Vancouver is the overall most valuable city.

Suggested Citation

Albouy, David and Leibovici, Fernando and Warman, Casey, Quality of Life, Firm Productivity, and the Value of Amenities Across Canadian Cities (May 2012). NBER Working Paper No. w18103, Available at SSRN: https://ssrn.com/abstract=2066400

David Albouy (Contact Author)

University of Michigan at Ann Arbor - Department of Economics ( email )

611 Tappan Street
Ann Arbor, MI 48109-1220
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Fernando Leibovici

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

Casey Warman

Dalhousie University ( email )

Halifax, Nova Scotia B3H 3J5
Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
33
Abstract Views
439
PlumX Metrics