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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.76,P.71-82

语言

英文

关键字

H41;H73;R21;Suburbanization;Housing prices;Willingness to pay;Local public goods

作者单位

Department of Economics, UCLA, 8283 Bunche Hall, Los Angeles, CA 90095 and NBER, United States"}]}]}],"floats":[],"footnotes":[],"affiliations":{"aep-affiliation-id5":{"#name":"affiliation","$":{"id":"aep-affiliation-id5;Department of Economics, UCLA, 8283 Bunche Hall, Los Angeles, CA 90095 and NBER, United States"}]}},"attachments":[],"correspondences":{},"scopusAuthorIds":{},"articles":{}},"authorMetadata":[],"banner":{"expanded":false},"biographies":{},"body":{},"browser":{"name":"IE","engine":"Trident

摘要

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.