【摘要】We examine how location-based tax incentives affect quality of life and business environ-ment through changes in property values and equilibrium wages. Using the federal Empowerment Zoneprogram, we determine whether offering tax incentives to firms improves the welfare of the citizensand attractiveness to firms. We demonstrate that quality of life methodologies can be applied usingsmall geographically aggregated data, such as census block groups. We find that the tax incentivesoffered by the program notably enhances the quality of business environment for firms in the areawhile modestly improving the quality of life for the individuals living in the area.

【文献来源】Reynolds C L;Rohlin S. Journal of Regional Science.2014（1）