This paper provides an assessment of quality of life in Italian cities using the hedonic approach. We analyze micro-level data for housing and labor markets to estimate compensating differentials for local amenities within five domains: climate, environment, services, society and economy. The estimated implicit prices are used to construct overall and domain-specific quality of life indices. We find that differences in amenities are reflected in substantial compensating differentials in housing prices, whereas the effects on wages are relatively small. Quality of life varies substantially across space and is strongly related to differences in public services and economic conditions. Overall, quality of life is highest in medium-sized cities of the Center-North, displaying relatively high scores in all the domains considered. Northern cities fare better with respect to services, social and economic conditions, while relatively worse for climate and environmental conditions.

Colombo, E., Michelangeli, A., Stanca, L. (2010). La Dolce Vita: Hedonic Estimates of Quality of Life in Italian Cities [Working paper del dipartimento].

La Dolce Vita: Hedonic Estimates of Quality of Life in Italian Cities

COLOMBO, EMILIO;MICHELANGELI, ANNA ALESSANDRA;STANCA, LUCA MATTEO
2010

Abstract

This paper provides an assessment of quality of life in Italian cities using the hedonic approach. We analyze micro-level data for housing and labor markets to estimate compensating differentials for local amenities within five domains: climate, environment, services, society and economy. The estimated implicit prices are used to construct overall and domain-specific quality of life indices. We find that differences in amenities are reflected in substantial compensating differentials in housing prices, whereas the effects on wages are relatively small. Quality of life varies substantially across space and is strongly related to differences in public services and economic conditions. Overall, quality of life is highest in medium-sized cities of the Center-North, displaying relatively high scores in all the domains considered. Northern cities fare better with respect to services, social and economic conditions, while relatively worse for climate and environmental conditions.
Working paper del dipartimento
Scientifica
quality of life, hedonic prices, housing markets
English
Colombo, E., Michelangeli, A., Stanca, L. (2010). La Dolce Vita: Hedonic Estimates of Quality of Life in Italian Cities [Working paper del dipartimento].
Colombo, E; Michelangeli, A; Stanca, L
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/21242
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