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Abstract

This empirical study investigates determinants of interstate living-cost differentials for the year 2005. It seeks to supplement existing related studies, most of which have investigated such differentials at the metropolitan area or county levels and for earlier time periods.OLS and two-stage least squares 2SLS results imply that the overall cost of living in a state is positively a function of per capita income and the relative amount of shoreline on major bodies of water, and negatively a function of the presence of right-to-work laws, heating degree days, and toxic chemical releases. Interestingly, the 2SLS estimate adopts two additional amenity-dis-amenity variables population density and crime rate as instrumental variables.



Item Type: MPRA Paper -

Original Title: An Empirical Analysis of Determinants of Interstate Living-Cost Differentials, 2005-

English Title: An Empirical Analysis of Determinants of Interstate Living-Cost Differentials, 2005-

Language: English-

Keywords: interstate living-cost differentials; per capita income; right-to-work laws; heating degree days-

Subjects: D - Microeconomics > D1 - Household Behavior and Family Economics > D12 - Consumer Economics: Empirical AnalysisD - Microeconomics > D4 - Market Structure, Pricing, and Design > D40 - GeneralR - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R10 - GeneralR - Urban, Rural, Regional, Real Estate, and Transportation Economics > R2 - Household Analysis > R21 - Housing DemandR - Urban, Rural, Regional, Real Estate, and Transportation Economics > R2 - Household Analysis > R23 - Regional Migration ; Regional Labor Markets ; Population ; Neighborhood Characteristics-





Autor: Cebula, Richard

Fuente: https://mpra.ub.uni-muenchen.de/52430/



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