City Quality-of-Life Dynamics: Measuring the Costs of Growth

City Quality-of-Life Dynamics: Measuring the Costs of Growth Two continuing California trends are population growth and improving air quality. Sprawl at the fringe of metropolitan areas may lower quality of life by contributing to congestion, reducing open space and raising pollution levels. This article studies this claim by estimating hedonic wage and rental regressions using California 1980 and 1990 micro census data. Real rents have fallen in faster-growing areas, suggesting that the “growth causes degradation” hypothesis has some merit. Sprawl’s damage to local quality of life would be higher if fringe growth degrades air quality and households greatly value avoiding polluted areas. The relative importance of air quality as an urban amenity is tested using data from Los Angeles county, an area where dramatic improvements in smog have taken place. While high-ozone areas feature lower rents, the ozone’s capitalization suggests that it is not a key urban disamenity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Real Estate Finance and Economics Springer Journals

City Quality-of-Life Dynamics: Measuring the Costs of Growth

Loading next page...
 
/lp/springer_journal/city-quality-of-life-dynamics-measuring-the-costs-of-growth-hZGdE05qTE
Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2001 by Kluwer Academic Publishers
Subject
Economics; Regional/Spatial Science; Financial Services
ISSN
0895-5638
eISSN
1573-045X
D.O.I.
10.1023/A:1007812101937
Publisher site
See Article on Publisher Site

Abstract

Two continuing California trends are population growth and improving air quality. Sprawl at the fringe of metropolitan areas may lower quality of life by contributing to congestion, reducing open space and raising pollution levels. This article studies this claim by estimating hedonic wage and rental regressions using California 1980 and 1990 micro census data. Real rents have fallen in faster-growing areas, suggesting that the “growth causes degradation” hypothesis has some merit. Sprawl’s damage to local quality of life would be higher if fringe growth degrades air quality and households greatly value avoiding polluted areas. The relative importance of air quality as an urban amenity is tested using data from Los Angeles county, an area where dramatic improvements in smog have taken place. While high-ozone areas feature lower rents, the ozone’s capitalization suggests that it is not a key urban disamenity.

Journal

The Journal of Real Estate Finance and EconomicsSpringer Journals

Published: Oct 3, 2004

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial