Premium
TIME, HEDONIC MIGRATION, AND HOUSEHOLD PRODUCTION *
Author(s) -
Shields Michael P.
Publication year - 1995
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.1467-9787.1995.tb01402.x
Subject(s) - attractiveness , economics , production (economics) , consumption (sociology) , labour economics , economic geography , microeconomics , psychology , social science , sociology , psychoanalysis
. A hedonic migration model is developed where regional amenities are viewed as influencing household production within the framework of the new demand theory. The inputs to household production are goods, time and housing. It is shown that economic growth in the economy as a whole will increase the relative attractiveness of regions that are relatively time‐saving, in the sense that they have a lower time elasticity of household production. Hence, migration will flow into time saving regions and housing costs in those regions will rise as real GDP grows.