Local public goods and the demand for high-income municipalities
Local public goods and the demand for high-income municipalities
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DOI：
10.1016/j.jue.2013.02.003
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发表时间：
2013-07-01
影响因子：
6.3
通讯作者：
Boustan, Leah Platt
中科院分区：
文献类型：
--
作者：
Boustan, Leah Platt
富裕的城镇通常为居民提供高质量的公共服务。我估计愿意支付生活在一个高收入的郊区，超过富裕的邻居的需求，通过测量的变化，在城市和郊区的边界随着两个城市之间的收入差距随着时间的推移而变化的住房价格。我发现，城镇平均收入增加1万美元，边境地区的住房价值就会增加7%。对高收入城市的估计需求主要是由学校质量和较低的财产税率驱动的。(C)2013 Elsevier Inc. All rights reserved.
Affluent towns often deliver high-quality public services to their residents. I estimate the willingness to pay to live in a high-income suburb, above and beyond the demand of wealthy neighbors, by measuring changes in housing prices across city-suburban borders as the income disparity between the two municipalities changes over time. I find that a $10,000 increase in town-level median income is associated with a seven percent increase in housing values at the border. The estimated demand for high-income municipalities is primarily driven by school quality and lower property tax rates. (C) 2013 Elsevier Inc. All rights reserved.