 The economic effects of density: A synthesisGabriel Ahlfeldt and Elisabetta Pietrostefani Journal of Urban Economics, 2019, vol. 111, issue C, 93-107 Abstract: This paper synthesises the state of knowledge on the economic effects of density. We consider 347 estimates of density elasticities of a broad range of outcomes ranging from wages, innovation, rents, various amenities, the cost of providing public services, transport- and environment-related outcomes to health and wellbeing. More than 100 of these estimates have not been previously published and have been provided by authors on request or inferred from published results in auxiliary analyses. We contribute original estimates of density elasticities of 16 distinct outcome variables that belong to categories where the evidence base is thin, inconsistent or non-existent. Along with a critical discussion of the quality and the quantity of the evidence base we present a set of recommended elasticities. Applying them to a scenario that roughly corresponds to an average high-income city, we find that density seems to be a net-amenity that is associated with positive external welfare effects. Densification policies may be welfare enhancing, but the distributional effects may be regressive, especially if residents are immobile and housing supply is inelastic. Keywords: Compact; City; Density; Meta-analysis; Elasticity; Present value (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:111:y:2019:i:c:p:93-107 DOI: 10.1016/j.jue.2019.04.006 Access Statistics for this article Journal of Urban Economics is currently edited by S.S. Rosenthal and W.C. Strange More articles in Journal of Urban Economics from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.