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Effects on housing prices of urban attraction and labor-market accessibility

Author

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  • Liv Osland
  • Inge Thorsen

Abstract

Through a hedonic approach the authors focus primarily 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, and is used 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.

Suggested Citation

  • Liv Osland & Inge Thorsen, 2008. "Effects on housing prices of urban attraction and labor-market accessibility," Environment and Planning A, Pion Ltd, London, vol. 40(10), pages 2490-2509, October.
  • Handle: RePEc:pio:envira:v:40:y:2008:i:10:p:2490-2509
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    Citations

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    Cited by:

    1. repec:eee:jhouse:v:37:y:2017:i:c:p:67-83 is not listed on IDEAS
    2. Gabriel M. Ahlfeldt & Nicolai Wendland, 2010. "How Polycentric is a Monocentric City? The Role of Agglomeration Economies," EERI Research Paper Series EERI_RP_2010_24, Economics and Econometrics Research Institute (EERI), Brussels.
    3. Vincent Viguié, 2015. "Cross-commuting and housing prices in a polycentric modeling of cities," Policy Papers 2015.03, FAERE - French Association of Environmental and Resource Economists.
    4. Gabriel Ahlfeldt, 2013. "Urbanity," CESifo Working Paper Series 4533, CESifo Group Munich.
    5. Mathilde Poulhes, 2017. "From Latin Quarter to Montmartre Investigating Parisian Real-Estate Prices," Working Papers 2017-13, Center for Research in Economics and Statistics.
    6. Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2016. "The spatial decay in commuting probabilities: Employment potential vs. commuting gravity," Economics Letters, Elsevier, vol. 143(C), pages 125-129.
    7. David Philip McArthur & Inge Thorsen & Jan Ubøe, 2014. "Transport networks and accessibility: complex spatial interactions," Chapters,in: Accessibility and Spatial Interaction, chapter 3, pages 38-61 Edward Elgar Publishing.
    8. repec:eee:regeco:v:70:y:2018:i:c:p:155-173 is not listed on IDEAS
    9. Rosa Sanchis-Guarner, 2012. "Driving Up Wages: The Effects of Road Construction in Great Britain," SERC Discussion Papers 0120, Spatial Economics Research Centre, LSE.
    10. repec:eee:transb:v:101:y:2017:i:c:p:283-294 is not listed on IDEAS
    11. Gabriel M. Ahlfeldt & Nicolai Wendland, 2013. "How polycentric is a monocentric city? Centers, spillovers and hysteresis," Journal of Economic Geography, Oxford University Press, vol. 13(1), pages 53-83, January.
    12. Ahlfeldt, Gabriel M., 2011. "If we build, will they pay?: predicting property price effects of transport innovations," LSE Research Online Documents on Economics 33595, London School of Economics and Political Science, LSE Library.
    13. Wenjie Wu, 2012. "Does Public Investment Spur the Land Market?: Evidence from Transport Improvement in Beijing," SERC Discussion Papers 0116, Spatial Economics Research Centre, LSE.
    14. Yu-Chun Cheng & Jen-Jia Lin, 2014. "Job Accessibility Effects on Apartment Rentals," ERES eres2014_53, European Real Estate Society (ERES).
    15. Mitra, Suman K. & Saphores, Jean-Daniel M., 2016. "The value of transportation accessibility in a least developed country city – The case of Rajshahi City, Bangladesh," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 184-200.
    16. Ahfeldt, Gabriel M., 2013. "Urbanity," LSE Research Online Documents on Economics 59244, London School of Economics and Political Science, LSE Library.
    17. Matthias Wrede, 2014. "Continuous Logit Polycentric City Model," CESifo Working Paper Series 4580, CESifo Group Munich.
    18. Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2016. "The spatial decay in commuting probabilities: employment potential vs. community gravity," LSE Research Online Documents on Economics 66128, London School of Economics and Political Science, LSE Library.
    19. Ahlfeldt, Gabriel M., 2008. "If Alonso was Right: Residual Land Price, Accessibility and Urban Attraction," MPRA Paper 11707, University Library of Munich, Germany.
    20. Wrede, Matthias, 2015. "A continuous spatial choice logit model of a polycentric city," Regional Science and Urban Economics, Elsevier, vol. 53(C), pages 68-73.
    21. Gjestland, Arnstein & McArthur, David Philip & Osland, Liv & Thorsen, Inge, 2014. "The suitability of hedonic models for cost-benefit analysis: Evidence from commuting flows," Transportation Research Part A: Policy and Practice, Elsevier, vol. 61(C), pages 136-151.
    22. Gabriel M. Ahfeldt, 2013. "Urbanity," SERC Discussion Papers 0136, Spatial Economics Research Centre, LSE.

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