Skip to main content
SpringerLink
Log in

Housing Choice, Residential Mobility, and Hedonic Approaches

  • Reference work entry
  • First Online:
Handbook of Regional Science

Abstract

This chapter explores the literature on residential mobility and house price hedonics. Residential mobility studies the decision of economic agents to move or not and, if they move, their choice of new residence. Topics covered in this chapter include the theory behind the move-or-stay decision, modeling intra- and interregional moves, empirically validated determinants of moving, and macro- and microlevel studies on mobility. Next, house price hedonics explain the price of a house as the sum of all the things that give a house value, from structural characteristics like the number of full bathrooms to public services and neighborhood characteristics that the house experiences. The chapter discusses the theory behind hedonics, applications of the technique, and empirical approaches to identify hedonic house price studies and second-stage hedonic regressions of the demand and supply of characteristics that give a house its value.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 849.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 999.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Bowden RJ (1992) Competitive selection and market data: the mixed-index problem. Rev Econ Stud 59:625–633

    Article  Google Scholar 

  • Brasington DM (2002) Edge versus center: finding common ground in the capitalization debate. J Urban Econ 52:524–541

    Article  Google Scholar 

  • Brasington DM, Hite D (2005) Demand for environmental quality: a spatial hedonic analysis. Reg Sci Urban Econ 35:57–82

    Article  Google Scholar 

  • Brasington DM, Hite D (2008) A mixed index approach to identifying hedonic price models. Reg Sci Urban Econ 38:271–284

    Article  Google Scholar 

  • Brown JN, Rosen HS (1982) On the estimation of structural hedonic price models. Econometrica 50:765–768

    Article  Google Scholar 

  • Brueckner JK (2011) Lectures on urban economics. MIT Press, Cambridge

    Google Scholar 

  • Cheshire P, Sheppard S (1998) Estimating the demand for housing, land, and neighbourhood characteristics. Oxford Bull Econ Stat 60:357–382

    Article  Google Scholar 

  • Clark WAV, Davies-Withers S (1999) Changing jobs and changing houses: mobility outcomes of employment transitions. J Reg Sci 39:653–673

    Article  Google Scholar 

  • Clark WAV, van Lierop WFJ (1986) Residential mobility and household location modelling. In: Nijkamp P (ed) Handbook of regional and urban economics, vol 1, Regional economics. North-Holland, Amsterdam, pp 97–132

    Google Scholar 

  • Dieleman FM (2001) Modelling residential mobility: a review of recent trends in research. J Hsg Built Environment 16:249–265

    Article  Google Scholar 

  • Ekeland I, Heckman JJ, Nesheim L (2002) Identifying hedonic models. Am Econ Assoc Papers Proc 92:304–309

    Article  Google Scholar 

  • Epple D, Sieg H (1999) Estimating equilibrium models of local jurisdictions. J Polit Econ 107:645–681

    Article  Google Scholar 

  • Faggian A, McCann P, Sheppard S (2007) Some evidence that women are more mobile than men: gender differences in U.K. graduate migration behavior. J Reg Sci 47:517–539

    Article  Google Scholar 

  • Ferreira F (2010) You can take it with you: proposition 13 tax benefits, residential mobility, and willingness to pay for housing amenities. J Pub Econ 94:661–673

    Article  Google Scholar 

  • Fischer MM, Aufhauser E (1988) Housing choice in a regulated market. A nested multinomial logit analysis. Geogr Anal 20:47–69

    Article  Google Scholar 

  • Fischer MM, Getis A (2010) Handbook of applied spatial analysis. Software tools, methods and applications. Springer, Berlin/Heidelberg/New York

    Book  Google Scholar 

  • Gatzlaff DH, Ling DC (1994) Measuring changes in local house prices: an empirical investigation of alternative methodologies. J Urban Econ 35:221–244

    Article  Google Scholar 

  • Gill HL (1983) Changes in city and suburban house prices during a period of expected school desegregation. Southern Econ J 50:169–184

    Article  Google Scholar 

  • Hanushek E, Quigley J (1978) An explicit model of intrametropolitan mobility. Land Econ 54:411–429

    Article  Google Scholar 

  • Haurin DR, Hendershott PF (1991) House price indexes: issues and results. AREUEA J 19:259–269

    Article  Google Scholar 

  • Hoehn JP, Berger MC, Blomquist GC (1987) A hedonic model of interregional wages, rents, and amenity values. J Reg Sci 27:605–620

    Article  Google Scholar 

  • Kan K (2007) Residential mobility and social capital. J Urban Econ 61:436–457

    Article  Google Scholar 

  • Lacombe D (2004) Does econometric methodology matter? An analysis of public policy using spatial econometric techniques. Geogr Anal 36:105–118

    Google Scholar 

  • LeSage J, Fischer MM (2010) Spatial econometric methods for modeling origin-destination flows. In: Fischer MM, Getis A (eds) Handbook of applied spatial analysis. Springer, Berlin/Heidelberg/New York, pp 409–433

    Chapter  Google Scholar 

  • LeSage J, Pace RK (2010) Introduction to spatial econometrics. CRC Press, Boca Raton

    Google Scholar 

  • Oates WE (1969) The effects of property taxes and local public spending on property values: an empirical study of tax capitalization and the Tiebout hypothesis. J Polit Econ 77:957–971

    Article  Google Scholar 

  • Orr LL (1968) The incidence of differential property taxes on urban housing. Nat Tax J 21:253–262

    Google Scholar 

  • Partridge MD, Rickman DS (2003) The waxing and waning of regional economies: the chicken-egg question of jobs versus people. J Urban Econ 53:76–97

    Article  Google Scholar 

  • Rabe B, Taylor M (2010) Residential mobility, quality of neighbourhood and life course events. J R Stat Soc Ser A Stat Soc 173:531–555

    Article  Google Scholar 

  • Rappaport J (2007) Moving to nice weather. Reg Sci Urban Econ 37:375–398

    Article  Google Scholar 

  • Rosen S (1974) Hedonic prices and implicit markets: product differentiation in pure competition. J Polit Econ 82:34–55

    Article  Google Scholar 

  • Rossi PH (1955) Why families move: a study in the social psychology of urban residential mobility. Free Press, Glencoe

    Google Scholar 

  • Tiebout C (1956) A pure theory of local expenditures. J Polit Econ 64:416–424

    Article  Google Scholar 

  • Voith R (1991) Capitalization of local and regional attributes into wages and rents: differences across residential, commercial, and mixed-use communities. J Reg Sci 31:127–145

    Article  Google Scholar 

  • Winstanley A, Thorns DC, Perkins HC (2002) Moving house, creating home: exploring residential mobility. Housing Stud 17:813–832

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Economics, University of Cincinnati, 210371, Cincinnati, OH, 45221-0371, USA

    Prof. David M. Brasington

Authors
  1. Prof. David M. Brasington
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to David M. Brasington .

Editor information

Editors and Affiliations

  1. Institute for Economic Geography and GIScience, Vienna University of Economics and Business, Vienna, Austria

    Manfred M. Fischer

  2. and Business Administration Department of Spatial Economics, Free University Faculty of Economics, Amsterdam, The Netherlands

    Peter Nijkamp

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer-Verlag Berlin Heidelberg

About this entry

Cite this entry

Brasington, D.M. (2014). Housing Choice, Residential Mobility, and Hedonic Approaches. In: Fischer, M., Nijkamp, P. (eds) Handbook of Regional Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23430-9_4

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-23430-9_4

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-23429-3

  • Online ISBN: 978-3-642-23430-9

  • eBook Packages: Business and Economics

Publish with us

Policies and ethics

Search

Navigation