Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69520
Authors: 
Dovern, Jonas
Quaas, Martin
Rickels, Wilfried
Year of Publication: 
2013
Series/Report no.: 
Kiel Working Paper 1828
Abstract: 
We develop a comprehensive wealth index for cities that measures their endowment with environmental, energy, social, human, and economic capital stocks. We apply this index to the 100 largest autonomous cities in Germany. We find that (i) a good economic performance does not need to come at the cost of environmental degradation; (ii) clear regional differences exist between West and East Germany and between North and South Germany; and (iii) social preferences reflected in the comprehensive wealth index account for roughly half of the variation in housing rents, which reflect individual willingness to pay for living in a certain city.
Subjects: 
comprehensive wealth
city
social preferences
JEL: 
Q56
R11
Document Type: 
Working Paper

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