Full Citation

Title: A revealed preference index of urban amenities: Using travel demand as a proxy

Citation Type: Journal Article

Publication Year: 2019

ISBN:

ISSN:

DOI: https://doi.org/10.1111/jors.12439

NSFID:

PMCID:

PMID:

Abstract: We introduce an index of urban amenities based on hotel night stays that can rank most US metros for the years 1990 through 2015. This naive index can be used on its own to study changes in amenity level or with other measures to reduce omitted variable bias. Researchers can also use the index to create panel datasets from more sophisticated cross‐sectional indexes. Empirical testing shows the bundle of amenities associated with hotel stays has substantial effects on variation in housing prices across cities and time, validating our proxy variable approach. Testing for an association with wages is inconclusive.

Url: https://onlinelibrary.wiley.com/doi/full/10.1111/jors.12439

User Submitted?: No

Authors: Broxterman, Daniel, A; Kuang, Chun

Periodical (Full): Journal of Regional Science

Issue: 3

Volume: 59

Pages: 508-537

Data Collections: IPUMS USA, IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

Countries: