Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/73822 
Year of Publication: 
2007
Series/Report no.: 
ifo Working Paper No. 49
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
In order to assess differences in living conditions across German regions we apply the hedonic approach of Rosen (1979) and Roback (1982) to land-price and wage differences across Germany’s counties. Employing a recent survey of more than half a million Germans on a wide range of social and political issues we confirm that differences in amenities give rise to substantial differences in land prices. With regard to wages, however, we find only little effects of amenities. Relying on the land-price effects we assess the quality of life in each of the German counties and provide a comprehensive ranking.
Subjects: 
Land prices
regional income differentials
hedonic regression
quality of life
compensating wage differentials
JEL: 
R22
R32
Document Type: 
Working Paper

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