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The quality of life in England and Wales

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  • Srinivasan, Sylaja
  • Stewart, Geoff
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    Abstract

    Local amenities play an important role in determining where we choose to live and our overall quality of life. In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use county level data for England and Wales to estimate implicit amenity prices and to calculate an index of quality of life for each county. Among our findings is a large negative price on air pollution. The range in quality of life across counties is estimated to be in excess of two thousand pounds per year. Keywords; quality of life index, amenities, hedonic prices JEL classification: I31, R1

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    File URL: http://eprints.soton.ac.uk/33032/1/0017.pdf
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    Bibliographic Info

    Paper provided by Economics Division, School of Social Sciences, University of Southampton in its series Discussion Paper Series In Economics And Econometrics with number 0017.

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    Date of creation: 01 Jan 2000
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    Handle: RePEc:stn:sotoec:0017

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    1. Gyourko, Joseph & Tracy, Joseph, 1991. "The Structure of Local Public Finance and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 774-806, August.
    2. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December.
    3. Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March.
    4. William D. Nordhaus & James Tobin, 1972. "Is Growth Obsolete?," NBER Chapters, in: Economic Research: Retrospect and Prospect Vol 5: Economic Growth, pages 1-80 National Bureau of Economic Research, Inc.
      • William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564 National Bureau of Economic Research, Inc.
    5. Clark David E. & Nieves Leslie A., 1994. "An Interregional Hedonic Analysis of Noxious Facility Impacts on Local Wages and Property Values," Journal of Environmental Economics and Management, Elsevier, vol. 27(3), pages 235-253, November.
    6. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
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