Effects on housing prices of urban attraction and labor market accessibility
AbstractThrough a hedonic approach this study primarily focuses on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity based labor market accessibility measure contributes significantly to explain variation in housing prices, also in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban attraction effect and a labor market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.
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Bibliographic InfoPaper provided by University of Bergen, Department of Economics in its series Working Papers in Economics with number 17/05.
Length: 29 pages
Date of creation: 16 Dec 2005
Date of revision:
Contact details of provider:
Postal: Institutt for økonomi, Universitetet i Bergen, Postboks 7802, 5020 Bergen, Norway
Web page: http://www.uib.no/econ/en
More information through EDIRC
house prices; urban attraction; labor market accessibility; hedonic approach; price and accessibility gradients;
Find related papers by JEL classification:
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Housing Supply and Markets
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Giuliano, Genevieve & Small, Kenneth A., 1991.
"Subcenters in the Los Angeles Region,"
University of California Transportation Center, Working Papers
qt7xv976dj, University of California Transportation Center.
- Giuliano, Genevieve & Small, Kenneth A., 1991. "Subcenters in the Los Angeles Region," University of California Transportation Center, Working Papers qt6ts0t95w, University of California Transportation Center.
- Liv Osland & Inge Thorsen, 2006. "Evaluating Housing Price Predictability of Alternative Hedonic Model Formulations," ERSA conference papers ersa06p492, European Regional Science Association.
- Liv Osland & Inge Thorsen, 2006. "Testing for the Impact of Local Labour Market Characteristics on House Prices," ERSA conference papers ersa06p490, European Regional Science Association.
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