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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
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
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This paper demonstrates a relationship between migration and public policy and suggests a role for migration in regional development. Numerous studies have analyzed the relationship between migration and specific aspects of public policy, and simultaneous equations models have included public...
Persistent link: https://www.econbiz.de/10010774422
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/10008567648
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/10008567659
This paper develops and applies a space-based strategy for overcoming the general problem of getting at the demand for non-market goods. It focuses specifically on evaluating one form of environmental quality, distance from EPA designated environmental hazards, via the single-family housing...
Persistent link: https://www.econbiz.de/10005518170