Effects on housing prices of urban attraction and labor market accessibility

Liv Osland () and Inge Thorsen ()
Additional contact information
Liv Osland: Stord/Haugesund University College, Postal: Bjørnsonsgt. 45, N-5528 Haugesund, Norway
Inge Thorsen: Stord/Haugesund University College, Postal: Bjørnsonsgt. 45, N-5528 Haugesund, Norway

No 17/05, Working Papers in Economics from University of Bergen, Department of Economics

Abstract: Through a hedonic approach this study primarily focuses on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity based labor market accessibility measure contributes significantly to explain variation in housing prices, also in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban attraction effect and a labor market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.

Keywords: house prices; urban attraction; labor market accessibility; hedonic approach; price and accessibility gradients (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2005-12-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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