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Interregional Differentials in Wage, Income, Land Value, and Consumer Price Index

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  • Tabuchi, Takatoshi

    (Faculty of Economics, University of Tokyo.)

Abstract

The objective of this paper is to consider interregional differentials in a unified framework by explicitly incorporating land for housing, and to conduct an empirical analysis of the interregional differential indexes. It is revealed that between regions the CPI varies little, the wage rate varies more, and the land value varies the most. We show that those differentials are related to difficulties in mobility and spatial arbitrage.

Suggested Citation

  • Tabuchi, Takatoshi, 1997. "Interregional Differentials in Wage, Income, Land Value, and Consumer Price Index," CIRJE F-Series 97-F-1, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:97f01
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