Type | Working Paper |
Title | Are big cities really bad places to live? Improving quality-of-life estimates across cities |
Author(s) | |
Publication (Day/Month/Year) | 2008 |
URL | http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.178.7620&rep=rep1&type=pdf |
Abstract | 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. |
» | United States - Census of Population and Housing 2000 - IPUMS Subset |