Housing values and jurisdictional fragmentation

John William Hatfield (), Katrina Kosec and Luke P. Rodgers ()
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John William Hatfield: University of Texas at Austin
Luke P. Rodgers: Florida State University

Public Choice, 2024, vol. 201, issue 1, No 7, 83-122

Abstract: Abstract We investigate the impact of the number of local governments in a metropolitan area on housing values within the United States. We find that metropolitan areas with one standard deviation more counties have housing values that are almost 11% higher. This difference may be driven by the fact that we also find higher wages (accounting for worker characteristics) in areas with more local governments. Moreover, we find that areas with more local governments have more business-friendly policies, such as freer labor markets, but similar levels of taxation and spending. The number of local governments does not seem to significantly impact environmental quality, educational outcomes, or crime.

Keywords: Federalism; Jurisdictional fragmentation; Interjurisdictional competition; Government performance (search for similar items in EconPapers)
JEL-codes: H11 H77 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11127-024-01160-6

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