English, Article, Journal or magazine article edition: Are Big Cities Really Bad Places to Live? Improving Quality-of-Life Estimates across Cities David Albouy

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Bookmark: http://trove.nla.gov.au/version/67287
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Are Big Cities Really Bad Places to Live? Improving Quality-of-Life Estimates across Cities
Author
  • David Albouy
Physical Description
  • preprint
Notes
  • The standard revealed-preference hedonic estimate of a city’s quality of life is proportional to that city’s cost-of-living relative to its wage-level. Adjusting the standard hedonic model to account for federal taxes, non-housing costs, and non-labor income produces quality-of-life estimates different from the existing literature. The adjusted model produces city rankings positively correlated with popular-literature and stated-preference rankings, and predicts how housing costs rise with wage levels, controlling for amenities. Mild seasons, sunshine, and coastal location account for most quality-of-life differences; once these amenities are accounted for, quality of life does not depend on city size, contrary to previous findings.
  • RePEc:nbr:nberwo:14472
Language
  • English
Contributed by
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