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Urban versus rural living

Overman, Henry G. (2013) Urban versus rural living. Spatial Economics Research Centre Blog (25 Jul 2013). Website.

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Abstract

In my post yesterday I talked about the reasons why simplistic comparisons of rural and urban living lead to concepts of a 'rural penalty' that are misleading. Here's a slightly more meaningful thought experiment to get at the differences between rural and urban living. Imagine yourself moving across different areas in Britain. In each area you'll live in roughly the same type of house (number of bedrooms etc) and you'll get paid the wages consistent with your experience, education etc. If you are going to stay living in areas where house prices are high relative to income, you better be getting compensated by some nice local amenities (e.g. pretty countryside, lower crime, etc). If you are going to stay living in areas which aren't very nice (e.g. polluted, run down, etc) you better be compensated by house prices that are low relative to incomes. In other words, the gap between house prices and incomes provides important information on the amenities offered by different locations.

Item Type: Online resource (Website)
Official URL: http://spatial-economics.blogspot.co.uk/
Additional Information: © 2013 The Author(s); Online
Divisions: Geography & Environment
Spatial Economics Research Centre
Centre for Economic Performance
What Works Centre
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
J Political Science > JC Political theory
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
J Political Science > JS Local government Municipal government
Sets: Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > What Works Centre for Local Economic Growth (WWG)
Collections > LSE Spatial Economics Research Centre Blog
Date Deposited: 28 Jun 2017 12:36
Last Modified: 17 Feb 2020 00:19
URI: http://eprints.lse.ac.uk/id/eprint/82616

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