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The Quality of Life in England and Wales *
Author(s) -
Srinivasan Sylaja,
Stewart Geoff
Publication year - 2004
Publication title -
oxford bulletin of economics and statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.131
H-Index - 73
eISSN - 1468-0084
pISSN - 0305-9049
DOI - 10.1046/j.0305-9049.2003.00081.x
Subject(s) - amenity , new england , index (typography) , economics , range (aeronautics) , price index , geography , quality (philosophy) , quality of life (healthcare) , demographic economics , agricultural economics , demography , econometrics , sociology , medicine , engineering , finance , market economy , computer science , philosophy , epistemology , world wide web , middle class , aerospace engineering , nursing
Local amenities play an important role in determining where we choose to live and our overall quality of life (QOL). In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use individual and county level data for England and Wales to estimate implicit amenity prices and to calculate an index of QOL for each county. Among our findings is a large negative price on air pollution. The range in QOL across counties is estimated to be in excess of 2,000 pounds per year.