John William Hatfield, Katrina Kosec, Luke P. Rodgers
{"title":"Housing values and jurisdictional fragmentation","authors":"John William Hatfield, Katrina Kosec, Luke P. Rodgers","doi":"10.1007/s11127-024-01160-6","DOIUrl":null,"url":null,"abstract":"<p>We investigate the impact of the number of local governments in a metropolitan area on housing values within the United States. We find that metropolitan areas with one standard deviation more counties have housing values that are almost 11% higher. This difference may be driven by the fact that we also find higher wages (accounting for worker characteristics) in areas with more local governments. Moreover, we find that areas with more local governments have more business-friendly policies, such as freer labor markets, but similar levels of taxation and spending. The number of local governments does not seem to significantly impact environmental quality, educational outcomes, or crime.</p>","PeriodicalId":48322,"journal":{"name":"Public Choice","volume":"33 1","pages":""},"PeriodicalIF":1.6000,"publicationDate":"2024-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Public Choice","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s11127-024-01160-6","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
We investigate the impact of the number of local governments in a metropolitan area on housing values within the United States. We find that metropolitan areas with one standard deviation more counties have housing values that are almost 11% higher. This difference may be driven by the fact that we also find higher wages (accounting for worker characteristics) in areas with more local governments. Moreover, we find that areas with more local governments have more business-friendly policies, such as freer labor markets, but similar levels of taxation and spending. The number of local governments does not seem to significantly impact environmental quality, educational outcomes, or crime.
期刊介绍：
Public Choice deals with the intersection between economics and political science. The journal was founded at a time when economists and political scientists became interested in the application of essentially economic methods to problems normally dealt with by political scientists. It has always retained strong traces of economic methodology, but new and fruitful techniques have been developed which are not recognizable by economists. Public Choice therefore remains central in its chosen role of introducing the two groups to each other, and allowing them to explain themselves through the medium of its pages.
Officially cited as: Public Choice
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