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Wages, Rent, Unemployment and Amenities

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  • Deller, Steven C.

Abstract

The intent of this applied research project is to build on the Roback-Blanchflower-Oswald model linking rent, wages and unemployment to amenities. Using non-metropolitan county level US data and detailed measures of natural and built amenities I estimate a struc-tural model testing for trade-offs between rent, wages, unemployment and amenities. Results do not strictly confirm the Roback-Blanchflower-Oswald (RBO) model but there is sufficient evidence to suggest that amenities plays an important role in explaining observed levels rent, wages and unemployment.

Suggested Citation

  • Deller, Steven C., 2009. "Wages, Rent, Unemployment and Amenities," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(2), pages 1-14.
    • Handle: RePEc:ags:jrapmc:132435
    DOI: 10.22004/ag.econ.132435
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    Cited by:

    1. Wrede, Matthias, 2012. "Wages, rents, unemployment, and the quality of life," FAU Discussion Papers in Economics 01/2012 [rev.], Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    2. Deller, Steven, 2011. "Spatial heterogeneity in the wage curve," Economics Letters, Elsevier, vol. 113(3), pages 231-233.
    3. Chi, Guangqing & Marcouiller, David W., 2012. "Recreational Homes and Migration to Remote Amenity-Rich Areas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 42(1), pages 1-14.
    4. David Marcouiller, 2013. "The rural development attributes of tourism," Chapters, in: Gary Paul Green (ed.), Handbook of Rural Development, chapter 9, pages i-ii, Edward Elgar Publishing.
    5. Yong Chen & David J. Lewis & Bruce Weber, 2016. "Conservation Land Amenities And Regional Economies: A Postmatching Difference-In-Differences Analysis Of The Northwest Forest Plan," Journal of Regional Science, Wiley Blackwell, vol. 56(3), pages 373-394, June.
    6. Lawson, Megan M. & Rasker, Ray & Gude, Patricia H., 2014. "The Importance of Non-labor Income: An Analysis of Socioeconomic Performance in Western Counties by Type of Non-labor Income," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(2).
    7. Matthias Wrede, 2015. "Wages, Rents, Unemployment, And The Quality Of Life: A Consistent Theory‐Based Measure," Journal of Regional Science, Wiley Blackwell, vol. 55(4), pages 609-625, September.
    8. Shannon, Mike & Moazzami, Bakhtiar, 2015. "Canadian Regional NAIRU Estimates: A Structural Break Approach," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 45(1).
    9. Richard J. Cebula, 2016. "Do Regional Differentials in Economic Freedom Yield Regional Unemployment Rate Differentials in the U.S.? A Brief Exploratory Note Adopting Panel Data Analysis," Econometrics Letters, Bilimsel Mektuplar Organizasyonu (Scientific letters), vol. 3(1), pages 11-25.
    10. Michael Wenz, 2014. "Valuing Casinos as a Local Amenity," Growth and Change, Wiley Blackwell, vol. 45(1), pages 136-158, March.

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