Abstract
In our paper "The Phantom of the Opera," published in this journal in 2011, we introduce proximity to a baroque opera house location as an instrument for concentrations of high-skilled individuals today. In the second stage, we assess productive spillovers from these high-skilled individuals attracted by cultural amenities. Thomas K. Bauer, Philipp Breidenbach, and Christoph M. Schmidt challenge our identification strategy in their comment. In our response, we provide further arguments and empirical evidence for the unambiguous validity of our strategy.
Original language | English |
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Pages (from-to) | 99-100 |
Number of pages | 2 |
Journal | Labour Economics |
Volume | 37 |
Early online date | 27 May 2015 |
DOIs | |
Publication status | Published - 1 Dec 2015 |
Keywords
- Cultural amenities
- High skilled workers
- Location factor
- Productive spillovers