Increasing Importance of Quality of Life

Released on by Jordan Rappaport
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  • Increasing Importance of Quality of Life Book Detail

  • Author : Jordan Rappaport
  • Release Date : 2010-11
  • Publisher :
  • Genre :
  • Pages : 38
  • ISBN 13 : 9781437934564
  • File Size : 27,27 MB
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Increasing Importance of Quality of Life by Jordan Rappaport PDF Summary

Book Description: The U.S. population has been migrating to places with high perceived quality of life (QL). With homothetic preferences, such migration can follow from the increased demand for amenities that accompanies broad-based technological progress. Under the baseline calibration of a general equilibrium model, a place with amenities for which individuals would initially pay 5% of their income grows slightly faster than an otherwise identical place. As QL becomes more important in determining relative population density, productivity independently becomes less important. Asymptotically, local amenities are the sole determinant of relative density. High QL together with low relative productivity can boost metro. population growth by several percentage points.

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