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The quality of public schools is often cited as an important attribute which distinguishes a community. Indeed, a recent public opinion poll conducted by the California Public Education Partnership indicates that residents rank improvements in public education higher than such high profile...
Persistent link: https://www.econbiz.de/10012787973
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
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We first develop an empirical approach for generating measures of wage over or under compensation (incomplete compensation) for location attributes. We then devise a method to test whether migration is influenced by incomplete compensation in wages for location characteristics. An intercity wage...
Persistent link: https://www.econbiz.de/10005742061
This study analyzes personal and site characteristics in a model of intraMSA and interMSA mobility. Households are assumed to choose a single type of move, intraMSA or interMSA, while simultaneously choosing a central city or suburban destination. We demonstrate that a nested logit model is...
Persistent link: https://www.econbiz.de/10005139609
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
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