Journal Article

Cultural heritage and the location choice of Dutch households in a residential sorting model

Mark van Duijn and Jan Rouwendal

in Journal of Economic Geography

Volume 13, issue 3, pages 473-500
Published in print May 2013 | ISSN: 1468-2702
Published online September 2012 | e-ISSN: 1468-2710 | DOI: https://dx.doi.org/10.1093/jeg/lbs028
Cultural heritage and the location choice of Dutch households in a residential sorting model

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  • Demographic Economics
  • Economic Sociology
  • Household Analysis

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Recent research has stressed the role of consumer amenities for urban development. In this article, we investigate the impact of cultural heritage on the attractiveness of cities by analyzing the location choice of households. We develop and estimate a residential sorting model that allows us to compute the marginal willingness to pay for cultural heritage as well as other urban amenities. Since the attractiveness of residential locations may be affected by amenities of other nearby locations as well, we extend the model to incorporate these effects, using spatial econometric techniques. Our model accounts for unobserved amenities, heterogeneity of preferences among households and spatial correlation between observed and unobserved amenities. The results confirm that cultural heritage has a substantial impact on the attractiveness of cities.

Keywords: Location choice; cultural heritage; equilibrium sorting models; discrete choice models; spatial dependence; unobserved characteristics; heterogeneous household preferences; R2; J1; Z1

Journal Article.  12194 words.  Illustrated.

Subjects: Demographic Economics ; Economic Sociology ; Household Analysis

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