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Labor Economics

Willingness to pay

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Full-Text Articles in Economics

Maximum Score Estimates Of The Determinants Of Residential Mobility: Implications For The Value Of Residential Attachment And Neighborhood Amenities, Timothy J. Bartik, J. S. Butler, Jin-Tan Liu Jan 2015

Maximum Score Estimates Of The Determinants Of Residential Mobility: Implications For The Value Of Residential Attachment And Neighborhood Amenities, Timothy J. Bartik, J. S. Butler, Jin-Tan Liu

Timothy J. Bartik

This paper examines the determinants of the decision of low-income renters to move out of their current dwelling. Maximum score estimation is shown to be superior to ordinary discrete choice estimation techniques (probit, logit) for this problem, and for similar discrete choices that require revering a previously optimal decision. The estimation reveals psychological costs from moving for typical low income renters of at least 8% of their income ; these costs are even higher for older, longer tenure, or minority households. Policies that displace low income renters will have large social costs. In addition, the estimation results are used to …


Measuring The Benefits Of Amenity Improvements In Hedonic Price Models, Timothy Bartik Jan 2015

Measuring The Benefits Of Amenity Improvements In Hedonic Price Models, Timothy Bartik

Timothy J. Bartik

No abstract provided.


Measuring The Benefits Of Amenity Improvements In Hedonic Price Models, Timothy Bartik Dec 2007

Measuring The Benefits Of Amenity Improvements In Hedonic Price Models, Timothy Bartik

Timothy J. Bartik

No abstract provided.


Maximum Score Estimates Of The Determinants Of Residential Mobility: Implications For The Value Of Residential Attachment And Neighborhood Amenities, Timothy Bartik, J. Butler, Jin-Tan Liu Dec 1991

Maximum Score Estimates Of The Determinants Of Residential Mobility: Implications For The Value Of Residential Attachment And Neighborhood Amenities, Timothy Bartik, J. Butler, Jin-Tan Liu

Timothy J. Bartik

No abstract provided.