The economic value of cultural diversity: evidence from US cities

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ID: 303309
2005
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Abstract
What are the economic consequences to U.S. natives of the growing diversity of American cities? Is their productivity or utility affected by cultural diversity as measured by diversity of countries of birth of U.S. residents? We document in this paper a very robust correlation: US-born citizens living in metropolitan areas where the share of foreign-born increased between 1970 and 1990, experienced a significant increase in their wage and in the rental price of their housing. Such finding is economically significant and survives omitted variable bias and endogeneity bias. As people and firms are mobile across cities in the long run we argue that, in equilibrium, these correlations are consistent with a net positive effect of cultural diversity on the productivity of natives.
Reference Key
openalex_W3022909850 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Gianmarco I.P. Ottaviano, Giovanni Peri
Journal journal of economic geography
Year 2005
DOI
10.1093/jeg/lbi002
URL
https://academic.oup.com/joeg/article-pdf/6/1/9/3612216/lbi002.pdf
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