Full Citation

Title: Driving to Opportunity: Local Rents, Wages, Commuting, and Sub-Metropolitan Quality of Life

Citation Type: Journal Article

Publication Year: 2015

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Abstract: We examine variation in local rents, wage levels, commuting costs, household characteristics, and amenities for 2071 areas covering the United States, within metropolitan areas, by density and central-city status. We demonstrate the sensibility of estimating wage levels by workplace, not residence, and recover decentralized rent gradients that fall with commuting costs. We construct and map a willingness-to-pay index, which indicates the quality of life typical households receive from local amenities, when households are similar, mobile, and informed. This index varies considerably within metros, and is typically high in areas that are dense, suburban, sunny, mild, safe, entertaining, and have elevated school-funding.

Url: http://www.sciencedirect.com/science/article/pii/S0094119015000200

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Authors: Albouy, David; Lue, Bert

Periodical (Full): Journal of Urban Economics

Issue:

Volume: 89

Pages: 74-92

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other

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