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Time, hedonic migration, and household production.

M P Shields

    Journal of Regional Science
    |February 1, 1995
    PubMed
    Summary
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    Economic growth drives migration to regions with lower household production time costs. This increased demand raises housing prices in these attractive, time-saving areas.

    Area of Science:

    • Environmental and Regional Economics
    • Household Economics
    • Urban Economics

    Background:

    • Regional amenities influence household production decisions.
    • New demand theory provides a framework for understanding these influences.
    • Household production incorporates goods, time, and housing as inputs.

    Purpose of the Study:

    • To develop a hedonic migration model incorporating regional amenities.
    • To analyze the impact of economic growth on regional attractiveness and migration patterns.
    • To investigate the relationship between time-saving regions, migration, and housing costs.

    Main Methods:

    • Development of a hedonic migration model.
    • Application of new demand theory to household production.
    Keywords:
    AmericasDemographic FactorsDeveloped CountriesEconomic FactorsFamily And HouseholdGeographic FactorsHouseholdsHousing--costMacroeconomic FactorsMigrationModels, TheoreticalNorth AmericaNorthern AmericaPopulationPopulation DynamicsProductionResearch MethodologyResidence CharacteristicsSpatial DistributionTime FactorsUnited States

    Related Experiment Videos

  • Analysis of economic growth's effect on regional amenity valuation and migration flows.

    • Main Results:

    • Economic growth enhances the attractiveness of time-saving regions.
    • Regions with lower time elasticity of household production experience increased in-migration.
    • Rising demand in time-saving regions leads to increased housing costs.

    Conclusions:

    • Hedonic migration models can explain regional economic dynamics.
    • Time-saving amenities are crucial factors in migration decisions during economic expansion.
    • Economic growth and regional characteristics interact to shape housing market trends.