Effects on Housing Prices of Urban Attraction and Labor-Market Accessibility | Zendy

Liv Osland | Zendy; Inge Thorsen | Zendy

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Effects on Housing Prices of Urban Attraction and Labor-Market Accessibility

Author(s) -

Liv Osland,

Inge Thorsen

Publication year - 2008

Publication title -

environment and planning a economy and space

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.74

H-Index - 129

eISSN - 1472-3409

pISSN - 0308-518X

DOI - 10.1068/a39305

Subject(s) - norwegian , attraction , economics , variation (astronomy) , measure (data warehouse) , labour economics , demographic economics , economic geography , philosophy , linguistics , physics , database , astrophysics , computer science

Through a hedonic approach the authors focus primarily on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity-based labor-market accessibility measure contributes significantly to explain variation in housing prices, and is used in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban-attraction effect and a labor-market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.

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