La Dolce Vita: Hedonic Estimates of Quality of Life in Italian Cities
Emilio Colombo (),
Alessandra Michelangeli () and
Luca Stanca ()
No 201, Working Papers from University of Milano-Bicocca, Department of Economics
This paper provides an assessment of quality of life in Italian cities using the hedonic approach. We analyze micro-level data for housing and labor markets to estimate compensating differentials for local amenities within five domains: climate, environment, services, society and economy. The estimated implicit prices are used to construct overall and domain-specific quality of life indices. We find that differences in amenities are reflected in substantial compensating differentials in housing prices, whereas the effects on wages are relatively small. Quality of life varies substantially across space and is strongly related to differences in public services and economic conditions. Overall, quality of life is highest in medium-sized cities of the Center-North, displaying relatively high scores in all the domains considered. Northern cities fare better with respect to services, social and economic conditions, while relatively worse for climate and environmental conditions.
Keywords: quality of life; hedonic prices; housing markets (search for similar items in EconPapers)
JEL-codes: C4 D5 H4 J3 J6 P2 P3 Q2 R2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-env, nep-hap, nep-soc and nep-ure
Date: 2010-12, Revised 2010-12
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http://repec.dems.unimib.it/repec/pdf/mibwpaper201.pdf First version, 2010 (application/pdf)
Journal Article: La Dolce Vita: Hedonic Estimates of Quality of Life in Italian Cities (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mib:wpaper:201
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