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首页> 外文期刊>Regional science and urban economics >Interjurisdictional housing prices and spatial amenities: Which measures of housing prices reflect local public goods?
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Interjurisdictional housing prices and spatial amenities: Which measures of housing prices reflect local public goods?

机译：跨地区住房价格和空间便利设施：哪些住房价格度量反映了当地公共产品？

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摘要

Understanding the spatial variation in housing prices plays a crucial role in topics ranging from the cost of living to quality-of-life indices to studies of public goods and household mobility. Yet analysts have not reached a consensus on the best source of such data, variously using transaction values, self-reported values from the census, and rental values. Additionally, while most studies use micro-level data, some have used summary statistics such as the median housing value. Assessing community housing price indices in Los Angeles, we find that indices based on transaction prices are highly correlated with indices based on self-reported values, but that the former are better correlated with public goods. Moreover, rental values have a higher correlation with public goods and income levels than either asset-value measure. Finally, indices based on median values are poorly correlated with the other indices, public goods, and income.
机译：了解住房价格的空间变化在从生活成本到生活质量指数再到公共产品和家庭流动性研究等主题中都至关重要。然而，分析师们并未就此类数据的最佳来源达成共识，这些数据的使用方式有交易价值，普查中的自我报告价值和租金价值。此外，尽管大多数研究使用微观数据，但有些研究使用汇总统计数据，例如房屋中位数。在评估洛杉矶的社区住房价格指数时，我们发现，基于交易价格的指数与基于自我报告的价值的指数高度相关，而前者与公共物品的相关性更高。此外，租金价值与公共物品和收入水平的相关性高于任何一种资产价值度量。最后，基于中位数的指数与其他指数，公共产品和收入之间的相关性很差。

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