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Spatial Cost of Living Indices and the Distribution of Public Goods

Spatial Cost of Living Indices and the Distribution of Public Goods ABSTRACT: This paper develops cost of living (COL) indices that vary across space. While conventional indices adjust for differences in prices, the COL defined here also reflects access to public goods. This analysis relies on the structure of a residential sorting model to estimate the COL index for each of 226 metropolitan statistical areas (MSAs) in 1990 and 2000 in the United States. Empirical results show signifi-cant differences in the COL across the spatial landscape. This paper focuses on the Gini coefficient as a measure of inequality to demonstrate the distribution of public goods across the population. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

Spatial Cost of Living Indices and the Distribution of Public Goods

Hamilton, Timothy L.
Land Economics , Volume 91 (4) – Oct 16, 2015
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Publisher
University of Wisconsin Press
Copyright
Copyright by the Board of Regents of the University of Wisconsin System.
ISSN
1543-8325
Publisher site
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Abstract

ABSTRACT: This paper develops cost of living (COL) indices that vary across space. While conventional indices adjust for differences in prices, the COL defined here also reflects access to public goods. This analysis relies on the structure of a residential sorting model to estimate the COL index for each of 226 metropolitan statistical areas (MSAs) in 1990 and 2000 in the United States. Empirical results show signifi-cant differences in the COL across the spatial landscape. This paper focuses on the Gini coefficient as a measure of inequality to demonstrate the distribution of public goods across the population.

Journal

Land Economics – University of Wisconsin Press

Published: Oct 16, 2015

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