Latent Tastes, Incomplete Stratification, and the Plausibility of Vertical Sorting Models

Jacob Fishman and V. Smith
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Jacob Fishman: Arizona State University

Environmental & Resource Economics, 2017, vol. 66, issue 2, No 5, 339-361

Abstract: Abstract This paper uses the 2011 Phoenix Area Social Survey to evaluate the plausibility of the assumptions made with pure characteristics sorting models to rationalize incomplete stratification of households across local communities by income. The analysis with the New Ecological Paradigm, a well-recognized index of environmental attitudes, confirms the correlations in equilibrium outcomes implied by these models. As a result, it provides the first empirical support for the role of differences in the tastes for public goods as one explanation that provides the rationale for the commonly observed sorting outcomes.

Keywords: Equilibrium sorting models; Local public goods; New Ecological Paradigm (search for similar items in EconPapers)
JEL-codes: D58 H4 Q51 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10640-015-9952-7

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