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

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.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.12571/2521
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