Does Better Rail Access Improve Homeowners’ Happiness?: Evidence Based on Micro Surveys in Beijing
Development of urban transport infrastructures is a key policy focus---particularly in countries like China which have experienced fast urbanisation over the past decade. While existing studies provide marginal values for rail access on the real estate market, little is known about the consequences of local public goods improvements for homeowners' subjective wellbeing using reported happiness data. This paper uses a difference-in-difference method to empirically measure the impact of rail access on homeowners' happiness. My identification strategy takes advantage of micro happiness survey data conducted before-and-after the opening of new rail stations in 2008 Beijing. I deal with the potential concern about the endogeneity in sorting effects by focusing on "stayers" and using non-market (fang gai) housings with pre-determined locations. I find the significantly heterogeneity in the effects from better rail access on homeowners' happiness with respect to different dimensions of residential environment. The welfare estimates suggest that better rail access provided substantial benefits to homeowners' happiness, but these benefits have strong social-spatial differentiations. These findings add to the evidence that transport improvement has an important role to play in influencing local residents' subjective wellbeing.
|Date of creation:||Apr 2013|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.spatialeconomics.ac.uk/SERC/publications/default.asp|
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.:
- Tra, Constant I., 2010. "A discrete choice equilibrium approach to valuing large environmental changes," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 183-196, February.
- Cornaglia, Francesca & Feldman, Naomi E. & Leigh, Andrew, 2014.
"Crime and Mental Wellbeing,"
IZA Discussion Papers
8014, Institute for the Study of Labor (IZA).
- Francesca Cornaglia & Andrew Leigh, 2011. "Crime and Mental Wellbeing," CEP Discussion Papers dp1049, Centre for Economic Performance, LSE.
- Francesca Cornaglia & Andrew Leigh, 2012. "Crime and mental wellbeing," CentrePiece - The Magazine for Economic Performance 357, Centre for Economic Performance, LSE.
- Bruno S. Frey & Alois Stutzer, .
"What can Economists Learn from Happiness Research?,"
IEW - Working Papers
080, Institute for Empirical Research in Economics - University of Zurich.
- Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
- Bruno S. Frey & Alois Stutzer, 2001. "What Can Economists Learn from Happiness Research?," CESifo Working Paper Series 503, CESifo Group Munich.
When requesting a correction, please mention this item's handle: RePEc:cep:sercdp:0134. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.