The Structure of Local Public Finance and the Quality of Life
发现地方财政差异会像环境舒适度一样，通过土地和劳动力市场的补偿性差异影响城市生活质量，且其影响程度几乎与舒适度差异相当。
Differences in local fiscal conditions generate compensating differentials across local land and labor markets just as the authors have known amenities to do. Thus, the local fiscal climate affects the quality of life across metropolitan areas. The authors present new results showing that intercity fiscal differentials are nearly as important as amenity differentials in determining the quality of life across urban areas. The paper also investigates the sensitivity of the quality-of-life rankings with respect to assumptions about the nature of the marginal entrant. The authors estimate a random effects model to account for city-specific error components in the housing and wage regressions. Copyright 1991 by University of Chicago Press.