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The economic value of cultural diversity : evidence from US cities

Author: Gianmarco I P Ottaviano; Giovanni Peri; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2004.
Series: Working paper series (National Bureau of Economic Research), no. 10904.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"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  Read more...
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Additional Physical Format: Print version:
Ottaviano, Gianmarco I.P.
Economic value of cultural diversity.
Cambridge, Mass. : National Bureau of Economic Research, ©2004
(OCoLC)57119985
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Gianmarco I P Ottaviano; Giovanni Peri; National Bureau of Economic Research.
OCLC Number: 57076986
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (41 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), no. 10904.
Responsibility: Gianmarco I.P. Ottaviano, Giovanni Peri.

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 only with a net positive effect of cultural diversity on productivity of natives"--National Bureau of Economic Research web site.

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