Showing 1 - 10 of 43
There are several hypotheses why urban scale affects wages. Most focus on agglomeration economies that increase labor demand, especially for high-skilled workers (e.g., dynamic externalities stress knowledge transfers, and imply the urban wage gap favors skilled workers). Others stress urban...
Persistent link: https://www.econbiz.de/10014070652
Mobility patterns of the elderly provide a particularly interesting theoretical sub-case of a more general migration model which interacts individual-specific traits (e.g., health and retirement status) and location-specific traits (e.g., amenities, rents, and wages). The spatially invariant...
Persistent link: https://www.econbiz.de/10014197726
We summarize a considerable body of recent literature on the role of amenities in regional growth and decline, finding amenities to be of increasing importance to the growth and decline of regions. It is likely that amenity forces become more important as the development process proceeds
Persistent link: https://www.econbiz.de/10014206015
Amenities are seen to be inappropriately valued in single market (land or labor market) approaches. We discuss the plethora of additional problems that render the valuation of location-specific amenities difficult
Persistent link: https://www.econbiz.de/10014206017
Economic theory suggests that the variation in academic salaries across institutions in part reflects compensating differences associated with variation in the levels of local "quality of life" factors such as environmental quality and the provision of local public services. This paper presents...
Persistent link: https://www.econbiz.de/10010774341
Spatial equilibrium models rely on migration to arbitrage away differences in utility across locations net of moving costs, where remaining differences in wages and rents reflect the compensating differentials related to site-specific amenities. Recent refinements to the spatial equilibrium...
Persistent link: https://www.econbiz.de/10010920755
Spatial equilibrium models rely on migration to arbitrage away differences in utility across locations net of moving costs, where remaining differences in wages and rents reflect the compensating differentials related to site-specific amenities. Recent refinements to the spatial equilibrium...
Persistent link: https://www.econbiz.de/10009484476
Various disciplines have produced models to explain and predict migration. A model is presented providing a taxonomy through which interdisciplinary insights can be synthesized. The imperfect information view emphasizes the role of wage differentials as representing arbitragible real utility...
Persistent link: https://www.econbiz.de/10014179131
Hedonic analysis is frequently implemented to generate implicit prices for location-specific amenities within single markets, either in cross-city wage differentials or within-city rent gradients. Amenities are shown to be generally priced in both land and labor markets, with single market...
Persistent link: https://www.econbiz.de/10015219937
While unable to copy/paste the abstract, the paper discusses the importance of regionally-varying amenities to migration and regional development.
Persistent link: https://www.econbiz.de/10015219946