Are Big Cities Really Bad Places to Live ? Improving Quality-of-Life Estimates across Cities

  title={Are Big Cities Really Bad Places to Live ? Improving Quality-of-Life Estimates across Cities},
  author={David Albouy},
  • David Albouy
  • Published 2008
Hedonic estimates of quality of life across cities depend on how high the cost-of-living in a city is relative to its local wage-level. Adjusting the standard hedonic model to account for federal taxes, non-housing costs, and non-labor income produces quality-of-life estimates quite different from the previous literature. Properly adjusted, the model produces city rankings closer to those in the popular literature, and accurately predicts how housing prices rise with wage levels, controlling… CONTINUE READING

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