Individuals reveal their preferences for alternative locations as they 'vote with their feet'. Persistent positive net migration indicates that on net, individuals expect their well-being, based on both economic and non-economic factors, to be greater in the destination region compared with the origin. Other measures of well-being are highly subjective either because they rely on surveys or because they aggregate quasi-objective measures using subjective weights. We show key relationships between population change and two key determinants-local natural amenities and per capita incomes, finding that revealed preference measures are likely more reflective of well-being in North America than in Europe.
Inferring regional well-being from individual revealed preferences: the 'voting with your feet' approach
Faggian A;
2012-01-01
Abstract
Individuals reveal their preferences for alternative locations as they 'vote with their feet'. Persistent positive net migration indicates that on net, individuals expect their well-being, based on both economic and non-economic factors, to be greater in the destination region compared with the origin. Other measures of well-being are highly subjective either because they rely on surveys or because they aggregate quasi-objective measures using subjective weights. We show key relationships between population change and two key determinants-local natural amenities and per capita incomes, finding that revealed preference measures are likely more reflective of well-being in North America than in Europe.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
