Housing values and jurisdictional fragmentation

IF 1.6 3区经济学 Q2 ECONOMICS

Public Choice Pub Date : 2024-05-26 DOI:10.1007/s11127-024-01160-6

John William Hatfield, Katrina Kosec, Luke P. Rodgers

引用次数: 0

Abstract

We investigate the impact of the number of local governments in a metropolitan area on housing values within the United States. We find that metropolitan areas with one standard deviation more counties have housing values that are almost 11% higher. This difference may be driven by the fact that we also find higher wages (accounting for worker characteristics) in areas with more local governments. Moreover, we find that areas with more local governments have more business-friendly policies, such as freer labor markets, but similar levels of taxation and spending. The number of local governments does not seem to significantly impact environmental quality, educational outcomes, or crime.

Abstract Image

查看原文本刊更多论文

住房价值和管辖区分散

我们研究了大都市地区地方政府数量对美国住房价值的影响。我们发现，县数量多一个标准差的大都市区，其住房价值高出近 11%。造成这种差异的原因可能是，我们还发现地方政府较多的地区工资较高（考虑到工人特征）。此外，我们还发现，地方政府较多的地区拥有更多有利于商业的政策，如更自由的劳动力市场，但税收和支出水平却相差无几。地方政府的数量似乎对环境质量、教育成果或犯罪率没有显著影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Public Choice Multiple-

CiteScore

3.60

自引率

18.80%

发文量

期刊介绍： Public Choice deals with the intersection between economics and political science. The journal was founded at a time when economists and political scientists became interested in the application of essentially economic methods to problems normally dealt with by political scientists. It has always retained strong traces of economic methodology, but new and fruitful techniques have been developed which are not recognizable by economists. Public Choice therefore remains central in its chosen role of introducing the two groups to each other, and allowing them to explain themselves through the medium of its pages. Officially cited as: Public Choice