Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/34340 
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dc.contributor.authorKrupka, Douglas J.en
dc.contributor.authorDonaldson, Kwameen
dc.date.accessioned2008-06-27-
dc.date.accessioned2010-07-07T11:22:38Z-
dc.date.available2010-07-07T11:22:38Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3224en
dc.subject.jelR12en
dc.subject.ddc330en
dc.subject.keywordCompensating differentialsen
dc.subject.keywordquality of lifeen
dc.subject.keywordhousing supplyen
dc.subject.keywordamenitiesen
dc.subject.keywordcapitalizationen
dc.subject.stwRegionale Lohnstrukturen
dc.subject.stwMieteen
dc.subject.stwRegionale Preisstrukturen
dc.subject.stwWohnstandorten
dc.subject.stwKostenen
dc.subject.stwLebensqualitäten
dc.subject.stwLohnpolitiken
dc.subject.stwTheorieen
dc.titleWages, rents and heterogeneous moving costs-
dc.type|aWorking Paperen
dc.identifier.ppn559459165en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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