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dc.contributor.authorKrupka, Douglas J.en_US
dc.contributor.authorDonaldson, Kwameen_US
dc.date.accessioned2008-06-27en_US
dc.date.accessioned2010-07-07T11:22:38Z-
dc.date.available2010-07-07T11:22:38Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/34340-
dc.description.abstractThe model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of relocating to a new city are zero. The results hold in the presence of moving costs for the marginal migrant. This paper extends the Roback model to allow for moving costs which vary among a city's residents and businesses. This modification of the model generates new interpretations of regional differences in rents and (to a lesser extent) wages. The importance of amenities is retained, but housing supply becomes the main other determinant of regional rents. Housing supply was for the most part ignored in the literature following on Roback's initial insight. The new perspective also provides a bridge between the neo-classical perspective implicit in Roback's approach and the newer literature on agglomeration economies.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3224en_US
dc.subject.jelR12en_US
dc.subject.ddc330en_US
dc.subject.keywordCompensating differentialsen_US
dc.subject.keywordquality of lifeen_US
dc.subject.keywordhousing supplyen_US
dc.subject.keywordamenitiesen_US
dc.subject.keywordcapitalizationen_US
dc.subject.stwRegionale Lohnstrukturen_US
dc.subject.stwMieteen_US
dc.subject.stwRegionale Preisstrukturen_US
dc.subject.stwWohnstandorten_US
dc.subject.stwKostenen_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwLohnpolitiken_US
dc.subject.stwTheorieen_US
dc.titleWages, rents and heterogeneous moving costsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn559459165en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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