We estimate the quality of life (QOL) across Korean cities and decompose the cross-sectional and temporal variations in QOL through amenities. Using administrative housing transaction data, a city's revealed-preference QOL is estimated from its cost of living relative to its wage level. Seoul, the biggest city in Korea, had a significantly high QOL in 2019, and its QOL continuously increased from 2015 to 2019. Based on a hedonic framework, households are willing to pay more for denser, more educated, and warmer cities. Decomposing QOL using amenities chosen by LASSO, we find that a large portion of the cross-sectional variation in QOL across cities is attributable to human-made amenities. We also show that most temporal variation in QOL can be accounted for by amenities, particularly their increasing value.
{"title":"Decomposing Variations in Quality of Life Through Amenities: Evidence From Korean Cities","authors":"Heepyung Cho","doi":"10.1111/jors.70027","DOIUrl":"https://doi.org/10.1111/jors.70027","url":null,"abstract":"<p>We estimate the quality of life (QOL) across Korean cities and decompose the cross-sectional and temporal variations in QOL through amenities. Using administrative housing transaction data, a city's revealed-preference QOL is estimated from its cost of living relative to its wage level. Seoul, the biggest city in Korea, had a significantly high QOL in 2019, and its QOL continuously increased from 2015 to 2019. Based on a hedonic framework, households are willing to pay more for denser, more educated, and warmer cities. Decomposing QOL using amenities chosen by LASSO, we find that a large portion of the cross-sectional variation in QOL across cities is attributable to human-made amenities. We also show that most temporal variation in QOL can be accounted for by amenities, particularly their increasing value.</p>","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"66 1","pages":"315-348"},"PeriodicalIF":2.7,"publicationDate":"2025-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jors.70027","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145969865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}