The Quality of Life in England and Wales

The Quality of Life in England and Wales

Local amenities play an important role in determining where we choose to live and our overall quality of life (QOL). In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use individual and county level data for England and Wales to...

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Veröffentlicht in:Oxford bulletin of economics and statistics 2004-02, Vol.66 (1), p.1-22
Hauptverfasser: Srinivasan, Sylaja, Stewart, Geoff
Format: Artikel
Sprache:eng
Schlagworte:
Air pollution
Economic models
Economic statistics
Economic theory
Economics
England
Estimates
I31
Prices
Public goods
Quality of life
Ratings & rankings
Standard of living
Statistical methods
Studies
United Kingdom
Wales
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Beschreibung
Zusammenfassung:Local amenities play an important role in determining where we choose to live and our overall quality of life (QOL). In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use individual and county level data for England and Wales to estimate implicit amenity prices and to calculate an index of QOL for each county. Among our findings is a large negative price on air pollution. The range in QOL across counties is estimated to be in excess of 2,000 pounds per year.
ISSN:0305-9049
1468-0084
DOI:10.1046/j.0305-9049.2003.00081.x