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A New Way of Monitoring the Quality of Urban Life

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  • Eduardo Lora
  • Andrew Powell

Abstract

This paper proposes a methodology to resolve the problems that result from using a combination of objective and subjective information in evaluating urban quality of life. The paper further suggests techniques to identify and rank issues of potential importance for urban dwellers. In order to combine objective and subjective information in a coherent manner and focus on the most relevant dimensions of the quality of life in a city or neighborhood, the paper attempts to exploit the complementary nature of two approaches: the "hedonic" approach, which employs market prices for housing, and the "life satisfaction" approach, which addresses subjective well-being. Results using both approaches in selected Latin American cities are discussed and compared. The paper concludes with a discussion of potential uses of the two-pronged methodology for policy analysis.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 58658.

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Date of creation: Nov 2011
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Handle: RePEc:idb:brikps:58658

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Keywords: Urban Development; Housing; Income; Consumption & Saving; Social Development; IDB-WP-272; quality of life; Urban quality of life; Latin America; Well-being; city and town life; quality of life index; human development index; social develompment index; ordinary least squares; life satisfaction;

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