Economics at your fingertips  

Driving to opportunity: Local rents, wages, commuting, and sub-metropolitan quality of life

David Albouy () and Bert Lue

Journal of Urban Economics, 2015, vol. 89, issue C, 74-92

Abstract: We examine variation in local rents, wage levels, commuting costs, household characteristics, and amenities within metropolitan areas, for 2071 areas covering the United States, 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.

Keywords: Quality of life; Commuting costs; Rent gradients; Wage gradients; Residential sorting; Amenities (search for similar items in EconPapers)
JEL-codes: H4 J3 Q5 R1 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.jue.2015.03.003

Access Statistics for this article

Journal of Urban Economics is currently edited by S.S. Rosenthal and W.C. Strange

More articles in Journal of Urban Economics from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

Page updated 2021-06-10
Handle: RePEc:eee:juecon:v:89:y:2015:i:c:p:74-92